Washington Exhibit A to Operating Agreement - Contract Area and Parties - Form 1
Description
How to fill out Exhibit A To Operating Agreement - Contract Area And Parties - Form 1?
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FAQ
The state of Washington doesn't require an LLC operating agreement being filed, so there's no specific information, responsibilities, or authorities you must include in the document. However, we always recommend using one for your internal management.
You don't have to submit your operating agreement to a government office, like the Secretary of State's Office, but that is required with the articles of organization. In the District of Columbia, an LLC operating agreement isn't required but is advised.
Yes, Delaware's LLC law requires all Delaware LLCs to have an Operating Agreement in some form. The law states that an LLC Operating Agreement can be ?written, oral, or implied? between the members. However, having a written LLC Operating Agreement is the only way to make the agreement enforceable.
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.
An operating agreement should include the following: Percentage of members' ownership. Meeting provisions and voting rights. Powers and duties of members and management. Distribution of profits and losses. Tax treatment preference. A liability statement. Management structure. Operating procedures.
