Illinois Operating Agreement between NBC Internet, Inc. and Telocity, Inc.
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How to fill out Operating Agreement Between NBC Internet, Inc. And Telocity, Inc.?
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FAQ
Once the document is signed by the members of the limited liability company, it acts as an official contract binding them to its terms.
An LLC operating agreement does not need to be notarized.
The good news is that you're free to write your operating agreement in any way that you wish. There aren't any legal requirements regarding what you must include in the agreement. Drafting the best operating agreement for your LLC simply means tailoring it to your business's specific needs.
There is no Illinois state law requiring an LLC to adopt an operating agreement. However, an operating agreement will help your LLC resolve disputes, open a bank account, and protect your limited liability status.
Although writing an operating agreement is not a mandatory requirement for most states, it is nonetheless considered a crucial document that should be included when setting up a limited liability company. The document, once signed by each member (owner), acts as a binding set of rules for them to adhere to.