Is an Operating Agreement Required?
No – Like most states, Oregon doesn’t require LLCs to have operating agreements; however, they are necessary in certain situations and provide some liability protection.
Types (2)
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An Oregon LLC operating agreement is an internal document that outlines a limited liability company’s ownership, management, rules, and operations. The agreement creates a framework for the LLC’s taxation, capital distributions, and annual reports and meetings. It also provides the necessary language to protect members from personal liability.
An Oregon LLC operating agreement is an internal document that outlines a limited liability company’s ownership, management, rules, and operations. The agreement creates a framework for the LLC’s taxation, capital distributions, and annual reports and meetings. It also provides the necessary language to protect members from personal liability.
No – Like most states, Oregon doesn’t require LLCs to have operating agreements; however, they are necessary in certain situations and provide some liability protection.
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