Operating Agreement for an Ohio LLC
Every Limited Liability Company should have an Operating Agreement. This Agreement establishes the rules in which the owners of an LLC will conduct business.
Without an operating agreement, it is unclear to the members what rules they must abide by when conducting business, distributing profits, and voting on important ownership matters. This also allows the business to establish voting rights, creditor protections, and standards to resolve disputes among the members.
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Elliott Stapleton Attorney with CMRS Law