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LIMITED LIABILITY COMPANY AGREEMENT of P3 Virginia Form

LIMITED LIABILITY COMPANY AGREEMENT of P3 Virginia Form

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so you have formed your limited liability company and you're going to need an operating agreement what's an operating agreement an operating agreement is an agreement between the owners of the business for how you're going to operate that limited liability company it has a lot of critical Provisions like ownership who owns what what is the percent ownership between the owners management how are decisions made within the business tax structure how are you going to allocate profits and losses it also contains other critical Provisions like what happens if a business owner turns toxic later on or if the business owners just don't want to work together anymore how do you exit the business partner and what price do you pay for that business partner's Equity absolutely critical probably the most critical document you're going to have in your business you should do it now and not later my name is Jonathan Paige I'm an attorney within Pri

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