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Step 1 Choose Your State. Step 2 Select a Name. Step 3 Select a Registered Agent. Step 4 File for Your LLC (Articles of Organization) Step 5 Write the LLC Operating Agreement.

As a quick refresher, operating agreements are legal documents that ensure the LLC is conducted in a proper manner and protects the personal liability of the business. Most states do not require LLCs to have this document, so many LLCs choose not to draft one.

No. Though California law requires you to have an Operating Agreement for your LLC, it doesn't require you to file it anywhere. Your California Operating Agreement is an internal document.

An operating agreement is a key document used by LLCs because it outlines the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners.

The proper signature is "John Smith, Manager, ABC Company, LLC." Since companies cannot sign for themselves, this signature identifies the person signing, the title and authority of the person, and the name of the contracting party.

What is included in an operating agreement? The functionality of internal affairs is outlined in the operating agreement including but not limited to: Percentage of members' ownership.

Top 10 Must Haves in an LLC Operating Agreement Member Financial Interest. What percentage ownership does each member have? Corporate Governance. Corporate Officer's Power and Compensation. Non-Compete. Books and Records Audit. Arbitration/Forum Selection. Departure of Members. Fiduciary duties.More items...