llc operating agreement template
an llc operating agreement is a legal document that outlines how you’ll run your llc and the rights and responsibilities of the llc’s members (which is a fancy way of saying owners). an operating agreement helps establish your llc as a separate legal entity, helping preserve your liability protection. an operating agreement gives you more flexibility when it comes to running your business. with an operating agreement in place, you can bypass some of your state’s default rules and follow your operating agreement instead. also, an llc operating agreement lays out a succession plan for your business.