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Is An Operating Agreement Necessary for an LLC?

Even though an operating agreement is not required for an LLC in all states, you might consider it necessary. Even for a solely owned LLC, the operating agreement helps solidify your limited liability status. For LLCs with multiple members, an operating agreement pre-addresses many issues that could arise, from management to money issues.

If you do not have an operating agreement and a dispute arises between two members of the company, default rules apply which are...

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