Decoder
What is inside an operating agreement
A members' contract about running the company. Without one, the state's default rules fill the gaps.
Inside the term
- Goes by
- LLC agreement
- Sits next to
- Member stacked with Articles of organization stacked with Organizer
What to do with it
Banks sometimes ask to see it when you open an account, so keep a copy ready.
Pages that use it
You will meet it in these pages: Forming an LLC, unpacked by state, Registered agent rules, unpacked by state, Second-state registration, unpacked by state.