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www.reference.com/article/llc-operating-agreement-a9eacea85ad4ee11

An LLC Operating Agreement is a legal business document that defines the operating terms of a business to protect its legal rights and responsibilities. It helps a Limited Liability Company operate harmoniously with all parties involved in the business, and is often use...

www.reference.com/article/should-included-llc-operating-agreement-7d0c630979dda683

An LLC operating agreement should include the members' voting powers, rights and responsibilities and their percentage interests in the LLC, as Nolo explains. The agreement should also include how the LLC allocates profits and losses and how the members plan to manage t...

www.reference.com/article/llc-company-92bcac79f4a3ed05

A limited liability company, or LLC, is a legal business structure registered in a state by a single owner or multiple members. A primary motive for business owners to register an LLC is to create a separate business entity to avoid personal financial liability for busi...

www.reference.com/article/llc-partnership-agreement-2c89e7f70797c8fa

An LLC partnership agreement is an operation agreement that structures the finances, organization and regulations among all members of a business. Although forming an LLC partnership agreement is not a legal requirement in most states, having one in place is advised by ...

www.reference.com/article/good-websites-finding-llc-operating-agreement-templates-7f7ad45c7fb22e8c

Some good websites for finding LLC operating agreement templates are Rocket Lawyer, LawDepot and Socratek LLC. The sites offer definitions of what an LLC operating agreement is, the cost to use the templates, and samples of different templates to use depending upon the ...

www.reference.com/article/companies-llc-name-b9961649d02720bd

Companies with LLC in their name are limited liability companies, a legal structure allowing the business owners some protection against liability, while getting the tax benefits of a partnership. Depending the state, an LLC can consist of one or more partners that can ...

www.reference.com/article/details-required-writing-llc-agreement-ea76f81a8da822d

A limited liability company operating agreement should include detailed information on what percent of the company each member owns, as well as a breakdown of profit and loss sharing for each owner, states FindLaw. It is also important to include what should occur if on...