What Is An Operating Agreement

Your operating contract is a good place to describe the registration requirements. The agreement can protect your company`s status, ensure that each member adheres to the rules, and help minimize any problems or misunderstandings that may arise, even for SAOBs with individual members. As always, contact a lawyer and accountant for assistance with the financial and legal aspects of your LLC operating contract. And while most states do not require SAUBs to have a written operating agreement, the written agreement can reduce uncertainty and is generally recommended. The following is an example of an operating agreement for a Delaware LLC. .