Operating Agreements

Every Limited Liability Corporation (LLC) functions according to its “Operating Agreement” which serves as the “rule book” for how the company is owned and how it will operate. One of the biggest mistakes business people make is the failure to draft an appropriate operating agreement.

An LLC is owned by members, as opposed to a corporation which is owned by shareholders. Each member makes an initial contribution in order to buy into the LLC. A member is not necessarily an officer of the LLC. Each member looks to the Operating Agreement to lay out the rules regulating the ownership, valuations, and management of the LLC. A properly drafted operating agreement will save you countless conflicts and money.

If you are going to invest so much in your business, shouldn’t you do all you reasonably can to protect that investment? We draft these agreements at a fixed, reasonable cost.

Do You Need to Draft An Operating Agreement in the Raleigh / Durham Area? Our Business Law Attorneys Can Help!

Please call Doyle & Doyle today 1.888.600.8834 or complete the online contact form to get started.