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102 Contract Operating Agreement SEC Gov Form

102 Contract Operating Agreement SEC Gov Form

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so the operating agreement is a document that tells everybody that's a member of the LLC entity how we are going to operate it tells you who has voting rights it tells you who owns what it tells you how you can add or take out members it tells you how decisions are made most importantly it tells you how profits are distributed usually an operating agreement will be an exhibit to a PPM so it'll be attached and I'll be bundled into one legal document so you'll have an operating agreement for your entity that you're investing into it's what officially governs it's a governing document of how the operations given the name operating agreement I know it's clever so it tells you how the operations of the asset are actually going to work

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