An operating agreement is a document that states the terms for converting an existing business to a limited liability company.

Name: An operating agreement is a document that states the terms for converting an existing business to a limited liability company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An operating agreement is a document that outlines the internal workings and management structure of a limited liability company, not the process for converting an existing business to an LLC.

An Operating Agreement Is a Document That States the Terms