An operating agreement is adopted by members of a limited liability company.

Name: An operating agreement is adopted by members of a limited liability company.
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An operating agreement is a key document used by members of a Limited Liability Company (LLC) to outline the business's financial and functional decisions including rules, regulations, and provisions. The purpose is to govern the internal operations of the business in a way that suits the specific needs of the business owners.

An Operating Agreement Is Adopted by Members of a Limited