An operating agreement is a legal agreement between the members of a Limited Liability Corporation which outlines the LLC’s business as well as the members’ financial and managerial rights and duties.
Forming an LLC can provide important protections for business owners who are starting or expanding a new business.
While Missouri allows for an operating agreement to be either written or oral, this agreement is such a key component of the formation of a business that every LLC should have one. With an assistance of an attorney, the operating agreement will carefully protect the members of the LLC and will save tremendous hassle should anything go awry during the life of the company.
Burkhardt Law assists its clients create operating agreements in St. Louis and the surrounding communities. Call today for a free operating agreement consultation. (314) 518-1581