This Operating Agreement is for a Limited Liability Company with only one Member. This form may be perfect for an LLC started by one person. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Llc Operating Agreement Tennessee For Two Partners
State:
Tennessee
Control #:
TN-00LLC-2
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Tennessee Single Member Limited Liability Company LLC Operating Agreement?
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FAQ
How do I add multiple members to my LLC? You need to amend your Articles of Organization to include the names of the additional members and amend your LLC Operating Agreement to address the change in membership interests.
We'll walk you through it. Consult your Tennessee LLC operating agreement. ing to TN Code § 48-249-501, the members (owners) of an LLC get to decide whether and how they will admit new members. ... Amend your operating agreement. ... Issue membership certificates. ... Contact the IRS. ... File your Tennessee annual report.
How to start an LLC in Tennessee Choose a business idea for your LLC. Name your Tennessee LLC. Create a business plan. Get an employer identification number (EIN) and a state sales tax number. File Tennessee articles of organization. Choose a registered agent in Tennessee. Obtain a business license and permits.
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.
Nope, Tennessee law doesn't require you to file your operating agreement with the state. Your operating agreement is an internal document your LLC should keep on record.