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- Operating_agreement abstract "An operating agreement is an agreement among limited liability company ("LLC") Members governing the LLC's business, and Member's financial and managerial rights and duties. Many states in the United States require an LLC to have an Operating Agreement. LLCs operating without an Operating Agreement are governed by the State's default rules contained in the relevant statute and developed through state court decisions. An Operating Agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi member LLC's. In single member LLCs, an operating agreement is a declaration of the structure that the member has chosen for the company and sometimes used to prove in court that the LLC structure is separate from that of the individual owner and thus necessary so that the owner has documentation to prove that he or she is indeed separate from the entity itself.Limited Liability Companies are very flexible in nature and the operating agreement defines each member or manager's rights, powers and entitlements. This includes capital accounts, membership interest, distributions of profit and allocated tax responsibility, just to name a few. This internal document is an agreement set by the company members that contains provisions for critical items and rules that run the company. Operating agreements can be amended at any time by the company members or managers.".
- Operating_agreement wikiPageExternalLink operating-agreement.pdf.
- Operating_agreement wikiPageID "4087550".
- Operating_agreement wikiPageLength "2009".
- Operating_agreement wikiPageOutDegree "9".
- Operating_agreement wikiPageRevisionID "638928897".
- Operating_agreement wikiPageWikiLink Articles_of_partnership.
- Operating_agreement wikiPageWikiLink By-law.
- Operating_agreement wikiPageWikiLink By-laws.
- Operating_agreement wikiPageWikiLink Category:Business.
- Operating_agreement wikiPageWikiLink Category:Business_documents.
- Operating_agreement wikiPageWikiLink Category:Business_process.
- Operating_agreement wikiPageWikiLink Category:Business_terms.
- Operating_agreement wikiPageWikiLink Category:Documents.
- Operating_agreement wikiPageWikiLink Limited_liability_company.
- Operating_agreement wikiPageWikiLink Partnership_agreement.
- Operating_agreement wikiPageWikiLink Statute.
- Operating_agreement wikiPageWikiLinkText "Operating agreement".
- Operating_agreement wikiPageWikiLinkText "operating agreement".
- Operating_agreement hasPhotoCollection Operating_agreement.
- Operating_agreement wikiPageUsesTemplate Template:Refimprove.
- Operating_agreement wikiPageUsesTemplate Template:Reflist.
- Operating_agreement subject Category:Business.
- Operating_agreement subject Category:Business_documents.
- Operating_agreement subject Category:Business_process.
- Operating_agreement subject Category:Business_terms.
- Operating_agreement subject Category:Documents.
- Operating_agreement hypernym Agreement.
- Operating_agreement type Article.
- Operating_agreement type Document.
- Operating_agreement type Organisation.
- Operating_agreement type Work.
- Operating_agreement type Article.
- Operating_agreement type Classification.
- Operating_agreement type Document.
- Operating_agreement type Term.
- Operating_agreement type Work.
- Operating_agreement comment "An operating agreement is an agreement among limited liability company ("LLC") Members governing the LLC's business, and Member's financial and managerial rights and duties. Many states in the United States require an LLC to have an Operating Agreement. LLCs operating without an Operating Agreement are governed by the State's default rules contained in the relevant statute and developed through state court decisions.".
- Operating_agreement label "Operating agreement".
- Operating_agreement sameAs m.0bhcn8.
- Operating_agreement sameAs Q7096691.
- Operating_agreement sameAs Q7096691.
- Operating_agreement wasDerivedFrom Operating_agreement?oldid=638928897.
- Operating_agreement isPrimaryTopicOf Operating_agreement.