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Keep your Operating Agreement updated, so that it reflects the actual needs and issues of your LLC, including management, tax, and more. THIS OPERATING AGREEMENT is made and entered into as of the 7th day of May, 2004, by and among INTL CONSILIUM, LLC, a Florida limited liability company (the ? ... Once signed, the document acts as a binding contract between the members of the LLC, and between the member or members and the LLC, and is a useful reference ... An operating agreement states the framework of an LLC, from who runs it to how it can grow. Learn more about operating agreements in this comprehensive ... In general, in a member- managed LLC that has no operating agreement, each member has authority to act for the LLC and each member has one vote per member. An LLC is a ?creature of contract? as well as an entity enabled and governed by statute. The ?contract? in an LLC is its operating agreement ... Under the new Act, as with the old law, an LLC operating agreement may be written or oral. This is also true under the LLC laws of Delaware and many other ... Establish the rules for your LLC with an operating agreement. An operating agreement is a critical document for an LLC. It spells out the details involved in ... "Manager" means a person, whether or not a member of a manager-managed company, who is vested with authority in an operating agreement as provided in Section 15 ... Is the business a Scrap Metal Dealer? 15. Other provisions which may be set forth in the operating agreement or matters not inconsistent with law: [See ...

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