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  • Mississippi Multi-member Llc Operating Agreement Template

Get Mississippi Multi-member Llc Operating Agreement Template

LIMITED LIABILITY COMPANY OPERATING AGREEMENT (COMPANY NAME), LLC A MemberManaged Limited Liability CompanyMISSISSIPPI LLC OPERATING AGREEMENT THIS OPERATING AGREEMENT is made and entered into effective.

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Related content

Mississippi Limited Liability Company Act -2010
A member may have other rights, powers or privileges as prescribed by the certificate of...
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Recent Cases Involving Limited Liability Companies...
Limited Liability of LLC Members and Managers/Personal Liability Under Agency or Other...
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Operating agreement - Wikipedia
Once the document is signed by the members of the limited liability company, it acts as an...
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There are different types of LLCs that can be formed in Mississippi. Single-member LLC: A single-member LLC is owned by one member who is responsible for the business. For tax purposes, the member is typically taxed as a sole proprietor and reports the LLC's profits and losses on their personal income tax return.

An operating agreement is a legally binding document that limited liability companies (LLCs) use to outline how the company is managed, who has ownership, and how it is structured. If a company is a multi-member LLC , the operating agreement becomes a binding contract between the different members.

The key parts of a limited liability company ( LLC) operating agreement include provisions relating to ownership structure, contributions, capital accounts, how profit will be distributed, how the company will be managed and who will manage it, how the books and records will be kept, what happens if the company has to ...

Bylaws are similar to operating agreements, except they're used in corporations (S corporations and C corporations) instead of LLCs, and they often have statutory requirements for the information they include.

Filing your Certificate of Formation (known in other states as Articles of Organization) with the Mississippi Secretary of State and getting it approved officially recognizes your LLC as a business entity. You'll have to pay a filing fee when submitting this document.

Get together with your co-owners and a lawyer, if you think you should (it's never a bad idea), and figure out what you want to cover in your agreement. Then, to create an LLC operating agreement yourself, all you need to do is answer a few simple questions and make sure everyone signs it to make it legal.

An LLC operating agreement is not required in Mississippi, but is highly advisable. This is an internal document that establishes how your LLC will be run. It is not filed with the state. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.

It's best to have a written Operating Agreement, even if you are the sole Member of your Missouri LLC (a Single-Member LLC). Plus, it's required by Missouri law. If you go to court, an Operating Agreement helps prove that your Single-Member LLC is being run as a separate legal entity.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232