7 key items commonly addressed in an LLC Operating Agreement
An Operating Agreement is a contract between the members of the company when the company is established, written or verbally for the ownership, operation, management, etc. of the company. The advantage of setting up a company in Delaware is the government of Delaware allowing limited liability company members to freely make operating agreements according to the needs of the company. Furthermore, it is not necessary to submit or disclose operating agreements to the Delaware state government. The following are 7 common items in operating agreements:
- Classes of Interests (like economic rights, voting rights, and rights to distributions from the company)
- Economic Rights & Distributions
- Management
- Fiduciary Duties
- Raising Additional Capital & Admitting Additional Members
- Transfer of Interest or Withdrawal from LLC
- Cancellation
We have a professional USCPA helping you form a US company, if you have any questions about operating agreements, please contact us at the USCPA Sophie Luo (羅霞) +886 980919600 or
Email: ustaxproservice@gmail.com
Also welcome to visit our website: https://www.ustaxproservice.com/
(USTAX Service LLC)