Is an Operating Agreement Required?
No – Mississippi law doesn’t require an operating agreement, but without the agreement, state law will govern the operations of the LLC.
Types (2)
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The Mississippi LLC operating agreement is used by newly formed limited liability companies to establish their internal structure and operations. It details the company owners’ rights and responsibilities, their ownership stakes, how the company handles profit and loss, and what would happen in the event of the company’s dissolution or liquidation.
The Mississippi LLC operating agreement is used by newly formed limited liability companies to establish their internal structure and operations. It details the company owners’ rights and responsibilities, their ownership stakes, how the company handles profit and loss, and what would happen in the event of the company’s dissolution or liquidation.
No – Mississippi law doesn’t require an operating agreement, but without the agreement, state law will govern the operations of the LLC.
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