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Where Can I Find My Operating Agreement? - CountyOffice.org

Where Can I Find My Operating Agreement? - CountyOffice.org

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TitleWhere Can I Find My Operating Agreement? - CountyOffice.org
AuthorCounty Office Law
Duration2:30
File FormatMP3 / MP4
Original URL https://youtube.com/watch?v=u3WBwNFNwYI

Description

Where Can I Find My Operating Agreement? Understanding the operating agreement is essential for anyone involved in a limited liability company (LLC). This internal document plays a significant role in outlining the structure, management, and operational procedures of the business. Unlike other legal documents such as the Articles of Organization, which are filed with the state, the operating agreement remains confidential and is not a public record. This video will delve into the importance of having an operating agreement, how to create one, and the best practices for maintaining it.

We'll guide you through the process of locating templates for your operating agreement, often available from state secretaries of state websites or small business resource centers. If you prefer personalized assistance, we’ll discuss the benefits of hiring a lawyer to draft a tailored agreement. Additionally, we’ll emphasize the importance of keeping the operating agreement accessible for all members of the LLC, especially when new partners join.

Having a well-structured operating agreement not only protects members from personal liability but also ensures that the business operates smoothly according to agreed-upon rules. Join us as we explore these critical aspects of LLC management, and don’t forget to subscribe to our channel for more valuable insights into the world of business law.

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