Operating Agreement

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The Operating Agreement is a legal document that outlines the structure, management, and operational guidelines of a business entity, typically an LLC (Limited Liability Company). It details the roles and responsibilities of members, ownership percentages, profit and loss distribution, decision-making processes, and procedures for adding or removing members. This document serves as an internal agreement to ensure clarity, prevent disputes, and formalize the governance of the organization.

The Operating Agreement is a legal document that outlines the structure, management, and operational guidelines of a business entity, typically an LLC (Limited Liability Company). It details the roles and responsibilities of members, ownership percentages, profit and loss distribution, decision-making processes, and procedures for adding or removing members. This document serves as an internal agreement to ensure clarity, prevent disputes, and formalize the governance of the organization.

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