Operating Agreement for Florida LLC — $700.00
An LLC Operating Agreement is an agreement between two or more parties to join together in order to start and operate a new limited liability company. The LLC Operating Agreement typically includes items such as financial contribution to the business, how the assets, profits and losses will be divided, the responsibilities and job duties of each owner, the sale or transfer of membership interests, withdrawal of funds, etc.
If you intend on starting a limited liability company in Florida with another party, it is vital that you memorialize the terms of your partnership on paper in a signed contract. While many people like to have an informal LLCs with nothing written down (because it is awkward to ask the other owner to sign a contract), without a doubt you will have problems at some point in the future, possibly damaging the LLC. That is why it is important to write down the terms, so if a problem does occur, the parties can refer to the LLC Operating Agreement to resolve the dispute.
It doesn’t matter whether you are staring a business with a family member or friend, the LLC Operating Agreement will protect the future of the business by resolving all potential problems at the beginning.
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