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A Louisiana LLC Operating Agreement is a legal document that outlines how a Louisiana LLC will be run. Louisiana LLC Operating Agreements list all LLC owners (known as ?Members?), their contribution amounts, and their ownership interest percentages.
Is an operating agreement required in Louisiana? There is no Louisiana law requiring LLCs to adopt an operating agreement. However, a written operating agreement is usually required to open a company bank account, and it can help you reinforce your limited liability status if you ever face a lawsuit.