A Michigan LLC operating agreement is used by the founding members of an LLC to lay out company policies, structure, ownership percentages, and management. By forming an LLC and separating company and personal assets, business owners reduce their individual risk should the company face legal action or company debts.
A Michigan LLC operating agreement is used by the founding members of an LLC to lay out company policies, structure, ownership percentages, and management. By forming an LLC and separating company and personal assets, business owners reduce their individual risk should the company face legal action or company debts.
No – Although not legally required, it’s necessary to determine the LLC’s business practices, as state law will govern them otherwise.
 Single-Member LLC Operating Agreement – Companies with only one owner may use this operating agreement.
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 Multi-Member LLC Operating Agreement – If the company has two or more owners, this form should be used.
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