Llc Operating Agreement Florida With Multiple Members
Description
How to fill out Florida Limited Liability Company LLC Operating Agreement?
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FAQ
There are no restrictions to the number of LLC Members (owners) an LLC can have. An LLC can be formed in any state with just 1 Member (called a ?single-member LLC?) or an LLC can formed in any state with more than 1 Member (called a ?multi-member LLC?).
In a member-managed LLC, all members do their part in managing the company and often have equal voting rights. It is important to note that multiple-member LLCs in Florida are considered to be member-managed unless otherwise specified.
Without the operating agreement, your state might not acknowledge you as an LLC, which means someone could sue you without there being any shield to protect your personal assets. You've already put in the time and effort to form your LLC to get liability protection.
In most cases, the process includes: Drafting an amendment to add a new member. Holding a meeting with all LLC members. Voting to adopt the amendment. Updating your operating agreement (only if members vote to adopt the amendment)