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California Single Member Llc Operating Agreement Form

California Single Member Llc Operating Agreement Form

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Instructions and help about California Single Member Llc Operating Agreement

so you are a single member llc do you actually need an operating agreement in other words like why have a contract when you're the only party to the contract well the answer might surprise you stick around [Music] hey out there welcome back my name is rob i am a wedding industry lawyer and in this week's video we're talking about whether or not your single member llc needs an operating agreement so an operating agreement is a document that is typically associated with llc's limited liability companies that governs the way that the llc will operate the operating agreement in an llc sets out how the business will actually run so an operating agreement is going to cover things like who are the managers when do the actual owners meet what are the ways in which the profit will be distributed in how much what are the percentages how often um what happens in terms of succession planning what if one member bows out or is killed so the operating agreement is kind of like the bylaws of or articl

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