Missouri Operating Agreement
Operating agreements are specific to limited liability companies and lays out how the company will run. Without an operating agreement, your limited liability company will run in accordance with the state’s limited liability act.
The agreement specifies the ownership percentage of all the members, the members’ responsibilities and voting rights, duties and powers, allocation of profits and losses, rules for holding meetings and how the company will be managed.
While not always required, having an operating agreement is almost always needed. You’ve spent the time to build your business and should have a say in how the organization functions. Contact Howard Law at (314) 325-9868 to help guide you through starting your business and establishing your operating agreement.