Does Delaware Require An Operating Agreement For Llc

September 18th, 2021 4:23 am

Initially, members (owners) of a Delaware LLC have the option to use the company agreement to settle the LLC`s affairs as they see fit. How the LLC is organized is defined in its Delaware LLC Operating Agreement. This agreement between LLC members defines LLC`s ownership, management structure, and operating procedures. You can create an LLC in Delaware if you submit your foundation certificate. This is submitted to the Secretary of State. Delaware`s statutes contain some of the most attractive laws for LLC owners. What makes the state different is that the government calls the registration document a founding instrument. In most other countries, the document is called an organizational article. LLC members should also submit an LLC enterprise agreement. .

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