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Common pitfalls of a poorly drafted Operating Agreement include failing to: (i) specify what authority managers or members have; (ii) carve out key decisions that require a higher approval threshold (e.g., dissolution, sale of all or substantially all of the assets of the LLC, etc.); (iii) address how deadlocks in the ...
Massachusetts does not require you to submit an Operating Agreement to form your LLC. Massachusetts LLC Formation - Form a MA LLC - Wolters Kluwer wolterskluwer.com ? bizfilings ? state-guides wolterskluwer.com ? bizfilings ? state-guides
Each year, all Massachusetts corporations, LLCs, nonprofits, LPs, and LLPs must file an annual report with the Secretary of the Commonwealth, Corporations Division.
How to Start an LLC in Massachusetts: A 5-Step Process Step One: Name Your Massachusetts LLC. ... Step Two: Appoint a Registered Agent. ... Step Three: File Your Certificate of Organization. ... Step Four: Take Special Steps if You're Filing a PLLC. ... Step Five: Craft an Operating Agreement.
Delaware does NOT require an operating agreement. However, it is highly recommended to have a LLC operating agreement even if you are only a single member LLC. The state of Delaware recognizes operating agreements and governing documents.