Business Operating Agreement Template

A company agreement shows who owns and manages the LLC, how to manage profits, and how to resolve any issues LLC may encounter now or in the future. An LLC corporate agreement is not required in any state in the United States, although it is important. In general, a company agreement should address the following six themes: Payment of profits – It is very easy to distribute profits to LLC members, as each member is responsible for paying taxes on the income they generate from the operation. Regular meetings are part of an LLC`s commitments, which is why details about where and when meetings are important to include in the company agreement. Hello, Samantha, thank you for the kind words. And I`m glad our site was so helpful. Before I look at the theme manager-managed vs. .