Is an Operating Agreement Required?
No – LLCs aren’t required to have an operating agreement. Nevertheless, it serves multiple purposes and can be required by some businesses and institutions.
Types (2)
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An Ohio LLC operating agreement is a contract between the members of an LLC that establishes how the company will be run financially and operationally. The document will outline the company’s rules and regulations, including a list of members and their respective shares in the company, the method of taxation, voting rights, and the scheduling of annual meetings.
An Ohio LLC operating agreement is a contract between the members of an LLC that establishes how the company will be run financially and operationally. The document will outline the company’s rules and regulations, including a list of members and their respective shares in the company, the method of taxation, voting rights, and the scheduling of annual meetings.
No – LLCs aren’t required to have an operating agreement. Nevertheless, it serves multiple purposes and can be required by some businesses and institutions.
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