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OATC Individual Member Supply Order Form Oatc Oregon

OATC Individual Member Supply Order Form Oatc Oregon

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An operating agreement is an agreement for the members of your LLC that explains how the LLC will be managed both financially and operationally. Your operating agreement also spells out how much of the LLC each member owns. You can have one member who owns 100%, you can have two members with a 50-50 split, a 60-40, or 70-30 split, anything really, or you can have three or more members and split the ownership any way that you'd like. The LLC is a flexible business structure. There's no limit on the number of members that you can have and there are no restrictions on how you split the ownership of the company. Unlike your LLC formation documents, the operating agreement does not need to be mailed anywhere. You don't need to mail to the state and you don't need to mail to the IRS. It's strictly an internal document. This means you'll just need to keep a copy with your business and LLC documents. The purpose of your operating agreement is to spell out who the members are and what percentag

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