An LLC agreement is a written document which outlines the various terms and conditions of creating a low liability company (LLC) contract. An LLC is a company where people enjoy low or limited liabilities and is usually present in small companies or in start-ups. The laws applicable in creating an LLC agreement are different in different states. However there are some rules which help one to maintain the smooth operations of the company and hence it is advisable to at least create an LLC operating agreement which describes the various roles the authorities have to play in operating the company.
There are many decisions which a company’s top executives need to take in order to run a company, especially those related to financial matters and all these points must be touched upon by the LLC agreement. Mention the names of the important members of the company with their correct addresses and their role in the company. One may also need to state the purpose of the LLC.
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Sample LLC Agreement
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