In many states,an operating agreement is not required for a limited liability company to exist.

Question

Quizplus · Accepted Answer

While an operating agreement is highly recommended for all LLCs, it is not always required by law in many states for the LLC to legally exist. However, it is always best practice to have an operating agreement in place to outline the management and ownership structure of the LLC, as well as to provide for contingencies and address potential disputes among members.

In Many States,an Operating Agreement Is Not Required for a Limited