When building a new business, laying a strong foundation with clear and legally-enforceable paperwork is key. One of the main documents that companies should have in place is called the “operating agreement.” For LLCs, this document outlines all of the financial and functional responsibilities and processes that form the backbone of that enterprise. While not all states require an operating agreement to be on the books, for multi-member companies, it is a must. Because this agreement spells out the structure of the business, it also serves as a legally binding contract for all founding members, and this is something that all companies should prioritize. This is one of many reasons why you should reach out to an experienced Seminole business attorney.
Working with a business attorney like Julia J. McKee, Esq can allow your operating agreement to be solid, clearly-worded, and protective of your company’s future. You’ve probably invested a lot of your time, energy, and money into starting your business, so make sure that you have a strong operating agreement to fall back on. If you run into any disputes with other members of your company, this document will be pertinent in reaching a resolution. It also can serve as a manual, detailing each party’s responsibilities, how the business operates, and how your finances will be structured.
Don’t use just any generic form for your operating agreement! Come to the law office of Julia McKee instead, and work with one of the most qualified business attorneys in Seminole. Reach out for your free consultation today.