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A Washington LLC operating agreement?also known as a ?limited liability company agreement??governs the conduct of the everyday affairs of the company related to its activities and members. It is the only recorded document that mentions the ownership of the company.
A partnership agreement and an operating agreement are very similar in what they define: ownership and investment stakes, division of profits and losses, and so on. However, a partnership agreement is used in partnerships, while operating agreements are used in LLCs.
A partnership agreement and an operating agreement are very similar in what they define: ownership and investment stakes, division of profits and losses, and so on. However, a partnership agreement is used in partnerships, while operating agreements are used in LLCs.
What are the requirements to form an LLC in Washington? To form an LLC in Washington, you must file articles of organization with the Secretary of State, pay the $180 filing fee, and have at least one member. You must have a registered agent and physical street address in Washington for your LLC.
An LLC (Limited Liability Company) is a type of business structure. It's a legal business entity that you form by filing a document called the Certificate of Formation with the state. An Operating Agreement is an internal document that governs how your LLC is run.