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Technically, an SMLLC does not need an operating agreement in the state, and you do not need to file these organizational papers with Nevada. Even so, an operating agreement benefits your organization because your procedures are documented for reference.
An S corp operating agreement is a business entity managing document. Typically, an operating agreement is a document that defines how a limited liability company will be managed. An S corp actually uses corporate bylaws and articles of incorporation for the purpose of organizing the business operation.
Yes, on the SilverFlume business portal on the Nevada Secretary of State website, you can find a digital Operating Agreement tool to help you create your own customized Operating Agreement for free. When you hire us to form your LLC, we provide a basic Operating Agreement free of charge!
If you're forming an LLC in Nevada, you aren't legally required to create an operating agreement. However, failing to draft your own operating agreement leaves you at risk of certain legal issues, so it's highly recommended that you create one.
A Nevada single-member LLC operating agreement is a legal document that will allow a single owner of a business to set forth the policies and daily activities of their company. This document will make it possible to separate personal assets and financial accounts from those of the business.