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Just like bylaws an “Operating Agreement” is a document drafted by the members of the LLC. Operating Agreements generally outline:
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The rules and regulations as to how an LLC may or may not transact business.
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How to add or remove a members.
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How to elect officers.
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Power and duties of officers.
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Location and time of annual meetings (should the LLC decide to hold annual meetings).
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Unlike corporations, LLC's are not required to have an Operating Agreement, hold meetings or document meeting minutes however, it is strongly recommended that they do.
The “Operating Agreement” is for internal purposes only. They are not something required to be filed with the Secretary of State.
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Packages starting at $59
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For more information on how we can help obtain a certificate of good standing for your business please call our office toll free at (888)-DoMyLLC (366-9552).
ORDER NOW!
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**In a Hurry? Ask about our 24 hour turn around time.
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