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Limited Liability Company LLC Operating Agreement District of Columbia Form

Limited Liability Company LLC Operating Agreement District of Columbia Form

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Instructions and help about llc operating agreement district of columbia

what is the operating agreement and what are some of the pros and cons to having one well you absolutely need one it is basically it contains the rules by which you're going to operate the LLC it's a legally binding document legally binding on you and so what it does is it establishes certain rights that you have certain obligations that you may have it tells you what you may do as a manager what you may not do it tells uh when you have to distribute income or if you have to distribute income at all there are all these things that we can do to give you significantly better liability protection that operating agreement is absolutely critical along with several other documents that need to be part of the LLC

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