Connecticut Sample LLC Operating Agreement

State:
Multi-State
Control #:
US-0767-WG
Format:
Word; 
Rich Text
Instant download

Description

To validly complete the formation of the LLC, members must enter into an Operating Agreement. This operating agreement may be established either before or after the filing of the articles of organization and may be either oral or in writing in many states. Regardless of state requirements, it is preferred practice to have a written operating agreement. If you don't create a written operating agreement, the LLC laws of your state will govern your LLC.
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  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement
  • Preview Sample LLC Operating Agreement

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FAQ

An operating agreement is a key business document that shows your business operates like a legit company. Without the operating agreement, your state might not acknowledge you as an LLC, and which means someone could sue to go after you without there being any shield to protect your personal assets.

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.

Is an LLC Operating Agreement required in Connecticut? LLCs aren't legally required to file an Operating Agreement in Connecticut. Companies are advised to create an Operating Agreement, though. It establishes ownership in your company and outlines how the business will run.

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 operating agreement is a document which governs the internal operations of the limited liability company (LLC) and can be drafted even after the LLC has been formed.

Most LLC operating agreements are short and sweet, and they typically address the following five points:Percent of Ownership/How You'll Distribute Profits.Your LLC's Management Structure/Members' Roles And Responsibilities.How You'll Make Decisions.What Happens If A Member Wants Out.More items...?

The form and contents of operating agreements vary widely, but most will contain six key sections: Organization, Management and Voting, Capital Contributions, Distributions, Membership Changes, and Dissolution.

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Connecticut Sample LLC Operating Agreement