This Operating Agreement is used in the formation of any Limited Liability Company. 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.
This Operating Agreement is used in the formation of any Limited Liability Company. 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.
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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.
The operating agreement should include the following: Basic information about the business, such as official name, location, statement of purpose, and registered agent. Tax treatment preference. Member information. Management structure. Operating procedures. Liability statement. Additional provisions.
Washington state doesn't legally require an LLC to adopt a written operating agreement. However, a written operating agreement is important for proving ownership and limited liability status. It can also help you resolve disputes.
How to Write an LLC Operating Agreement Check your state's rules. ... Define owners and stakes. ... Define operating terms. ... Define financial terms. ... Think about dissolution. ... File with your state's secretary of state.