Look-up
What does operating agreement mean?
The owners' own agreement on how the LLC works and who owns what, usually kept in company records and not filed.
Short form
Short reply- Also called
- Company agreement
- Related
- Member then Articles of organization then Organizer
What it means for you
Profit splits and voting rules live here.
Where this appears
See it on these pages: Start-an-LLC answers by state, Registered agent questions by state, Out-of-state LLC questions by state.