Operating Agreement Vital to your LLC

When forming an LLC, include an operating agreement to define who owns the LLC, how the LLC will be managed, and how the LLC will be taxed. An operating agreement is critical to your business. An operating agreement defines who the owner of the LLC are, how it is going to be managed and how its going to be taxed. Should you ever be sued audited, the operating agreement identifies legally how your business will be handled. An operating agreement is protection for your business.