Peter,Preston,and Penny organize an LLC in January.While composing the operating agreement,they forget to include an amendment clause.Six months later,the situation demands an amendment to the operating agreement.Which of the following would best apply in this scenario?

Question

Quizplus · Accepted Answer

In most jurisdictions, an LLC's operating agreement can be amended if all members agree, even if the original agreement does not explicitly include an amendment clause. This allows for flexibility and adaptability in the management of the LLC.

Peter,Preston,and Penny Organize an LLC in January