What is An Operating Agreement?
An operating agreement simplifies and outlines your business functions and operations. Though it is not required for LLC registration in Georgia, an operating agreement can provide clarity on LLC’s financial, functional, administrative and capital contribution decisions. Our experts at Business Formation R US can help you get one and address the following issues quickly.
- Rights & responsibilities of members
- LLC Members’ profits and shares
- Management structure
- How members can buy in or sell-out
- Asset distribution if the company dissolves
What If Your LLC Doesn’t Have An Operating Agreement
Exclusive Benefits Of Having an Operating Agreement In Georgia
Our Simplified Approach To Getting an Operating Agreement
- The names of LLC members
- Member’s roles & responsibilities
- Member’s investment and economic interests
- Voting procedure and requirements
- Outline of how LLC winds down its function
Later on, we can add customized provisions to solidify asset protection. Speak to our experts to obtain an operating agreement in Georgia.
Frequently Asked Questions (FAQs)
Does Georgia require an operating agreement?
No state requires an operating agreement, but it is advantageous for you as a business owner or LLC Member.
Is a verbal agreement legal in Georgia?
Oral agreements are enforceable and binding in the state of Georgia.
Why do I need a filing frim for an operating agreement in Georgia?
Hiring a professional business filing firm can clearly explain the rules and regulations and help at every stage of the operating agreement.