Is an Operating Agreement Required?
No – Tennessee statutes do not require operating agreements, but having one in place is common practice.
Types (2)
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A Tennessee LLC operating agreement outlines the internal rules and regulations of a limited liability company. Without an operating agreement, the LLC is governed by the Tennessee Limited Liability Company Act. Executing this document allows the company’s members to self-organize and maintain an ownership structure that suits their needs.
A Tennessee LLC operating agreement outlines the internal rules and regulations of a limited liability company. Without an operating agreement, the LLC is governed by the Tennessee Limited Liability Company Act. Executing this document allows the company’s members to self-organize and maintain an ownership structure that suits their needs.
No – Tennessee statutes do not require operating agreements, but having one in place is common practice.
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