If you have set up an LLC and are a small business owner, then you must know how important it is to have a well-drafted operating agreement in place to protect your company’s interests. Although you know that you need an operating agreement, you may not know what the document needs to contain.
Examples of subject matters that an LLC operating agreement should include:
By setting up an operating agreement for your LLC, you will be able to avoid future disagreements with members over decision-making, profit-sharing, handling the departure or addition of members, and overall finances and management concerns. Without an operating agreement, businesses may be dragged into expensive litigation to resolve a business matter.
For help with creating a thorough operating agreement or other business contracts, call The Posey Law Firm, PC toll free at 888-269-1962 or locally at 512-646-0828 to talk with an experienced Texas business attorney today.