A Michigan LLC operating agreement is an internal contract used by members of an LLC to lay out policies, structure, management, and ownership. The document includes terms that cover management and accounting practices, as well as member rights, responsibilities and capital investments.
A Michigan LLC operating agreement is an internal contract used by members of an LLC to lay out policies, structure, management, and ownership. The document includes terms that cover management and accounting practices, as well as member rights, responsibilities and capital investments.
No – While not legally required, an operating agreement is necessary if the members want to define their own internal rules rather than rely on state law.
 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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