South Dakota Operating Agreement of a Manager Managed Limited Liability Company with a Single Member
State:
Multi-State
Control #:
US-1341054BG
Format:
Word;
Rich Text
Instant download
Description
An operating agreement is the governing contract adopted by members of a Limited Liability Company (LLC). It lays out the business's course and helps operations and management become more organized. It can be used to regulate nearly all aspects of the LLC's affairs, including how the business is managed, how assets are used, and how revenues are shared. It is similar to articles of incorporation, which control the operations of a corporation.
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