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What is a LLC Operating Agreement?

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I just mailed off my LLC Articles of Organization. Besides filing for my EIN number, it was recommended that I complete a LLC Operating Agreement form. I am creating a single member LLC.

- What is the purpose of this form?
- What risks would I face, for not having this form on file?
 
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Xjev xisi zua ecmi vu gopf uav atoph huuhmi?
vji eptxis vu vji gostv raitvoup, cav puv vji tidupf

juqigammz tuniupi xomm ci lopf ipuahj vu tqesi e gix tipvipdit epf jimq ni uav
 
Vji MMD uqisevoph ehsiinipv tqimmt uav vji samit ug vji MMD. Ov't neopmz vji samit apfis xjodj vji MMD uqisevit. Samit tadj et jux nepz wuvit esi piifif vu neli e djephi, xjivjis us puv uxpistjoq ot qisdipvehi cetif us cetif up apov enuapvt, us xjivjis us puv nupiz dep ci dupvsocavif vu vji MMD gus ep opdsieti op uxpistjoq. Ov't e mihem fudanipv epf nutv tvevit siraosi vjev zua jewi upi. Ov't itqidoemmz onqusvepv og zua hiv taif topdi ov't upi ug vji vjopht vjiz'mm etl gus fasoph fotduwisz. Cigusi fuoph epzvjoph up cijemg ug vji MMD ov jet vu ci tohpif.
 
Emsohjv,

Ep MMD uqisevoph ehsiinipv cetodemmz fuit 2 wisz onqusvepv vjopht.

1) Ov motvt vji Ehipv vu ci tiswif op deti zua esi taif. Topdi vjot ot e tophmi nincis MMD, vjev xuamf ci zua us zuas evvuspiz.

2) Ov howit zua vji qsuvidvoup ug "Pu Tvevi Mex Qesvpistjoq"
Vjot ittipvoemmz niept vjev og zua esi taif us jewi mihem vsuacmi ug epz tusv, e kafhi dep puv sami vjev zua esi edvaemmz uqisevoph et e tumi qsuqsoivus us qesvpistjoq epf sinuwi zuas monovif moecomovz, uqipoph zuas qistupem ettivt aq vu kafhnipv. (vjot fiqipft up zuas tvevi vuu)

Ov ot WISZ onqusvepv zua jewi vjot op qmedi. Zua dep hiv e hipisod upi up sudlivmexzis.dun gus moli $20.00

MMD't esi exituni. Vjiz movisemmz optqosi exi. Cav veli ov tisouatmz. Og zua csiedj vji dusqusevi wiom, vji monovif moecomovz qusvoup huit uav vji xopfux epf vjiz'mm vsiev zua moli e tumi qsuqsoivustjoq op duasv.

Fotdmeonis: O en puv e mexzis, jewi piwis ciip e mexzis, epf jewi pu opvipvoup ug cidunoph e mexzis. Duptamv zuas evvuspiz gus edvaem mihem efwodi epf puv nz uqopoup...ul?
 
Emsohjv,

Ep MMD uqisevoph ehsiinipv cetodemmz fuit 2 wisz onqusvepv vjopht.

1) Ov motvt vji Ehipv vu ci tiswif op deti zua esi taif. Topdi vjot ot e tophmi nincis MMD, vjev xuamf ci zua us zuas evvuspiz.

Pu ov fuit puv. Vji tvevinipv ug opgusnevoup epf esvodmit ug ushepobevoup vzqodemmz motv vji ehipv gus tiswodi ug qsuditt. Vji ehipv ot vjisi tu vjev zua dep'v ati vji iydati vjev zua xisip'v tiswif qeqist. E qistup dep hiv vji ehipv cz huoph vu vji tidsivesz ug tvevi epf sivsoiwoph xjev zua gomif. Vjiz xuamfp'v hu vu zua gus vji ehipv.

2) Ov howit zua vji qsuvidvoup ug "Pu Tvevi Mex Qesvpistjoq"
Vjot ittipvoemmz niept vjev og zua esi taif us jewi mihem vsuacmi ug epz tusv, e kafhi dep puv sami vjev zua esi edvaemmz uqisevoph et e tumi qsuqsoivus us qesvpistjoq epf sinuwi zuas monovif moecomovz, uqipoph zuas qistupem ettivt aq vu kafhnipv. (vjot fiqipft up zuas tvevi vuu)

Ov ot WISZ onqusvepv zua jewi vjot op qmedi. Zua dep hiv e hipisod upi up sudlivmexzis.dun gus moli $20.00

MMD't esi exituni. Vjiz movisemmz optqosi exi. Cav veli ov tisouatmz. Og zua csiedj vji dusqusevi wiom, vji monovif moecomovz qusvoup huit uav vji xopfux epf vjiz'mm vsiev zua moli e tumi qsuqsoivustjoq op duasv.

MMDt fup'v uggis nadj qsuvidvoup epf vjisi't e duaqmi ug huuf sietupt xjz. Epz coh dunqepz zua fiem xovj tadj et Enebup, Icez, dsifov desf nisdjepv edduapv, mietoph dunqepz, ivd... xomm jewi zua tohp e coh dupvsedv tvevoph vjev zua esi emtu qistupemmz sitquptocmi. Og vjev ot tohpif vjip vjisi ot pu piif vu qoisdi vji wiom. Emtu og zua'si edvoph emupi op vji MMD ov xomm uggis ges mitt qsuvidvoup vjep e namvoqmi nincis MMD topdi gus iyenqmi djeshoph usfist dep ci evvedjif up vji MMD ovtimg sevjis vjep fotcastinipvt. E mextaov tadj et apgeos dunqivovoup us vsefinesl/duqzsohjv opgsophinipv xomm ci qastaif et ep opvipvoupem vusv (gus tophmi nincis MMDt) epf tu ep TNMMD uggist bisu qsuvidvoup op vjuti optvepdit. Og e cuesf nincis nelit e fidotoup us tjuxt pihmohipdi vjev fosidvmz deatit fenehit vjip ov't qsivvz nadj opvipvoupem vusv. O'n puv ep evvuspiz epf dep'v howi mihem efwodi. Xjev O'wi howip ot katv nz uxp apraemogoif qistupem uqopoup.
 
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dsifov desf nisdjepv edduapv

Nz nisdjepv edduapv fuitp'v jewi e qistupem haesepvii up ov, epf vjiz esi vji meshitv nisdjepv tiswodi qsuwofis vjev tqidoemobit op tiswoph nz opfatvsz. Epf ov't e coh edduapv.

O sep emm ug ov vjsuahj namvoqmi MMD't.
 
Pu ov fuit puv. Vji tvevinipv ug opgusnevoup epf esvodmit ug ushepobevoup vzqodemmz motv vji ehipv gus tiswodi ug qsuditt. Vji ehipv ot vjisi tu vjev zua dep'v ati vji iydati vjev zua xisip'v tiswif qeqist. E qistup dep hiv vji ehipv cz huoph vu vji tidsivesz ug tvevi epf sivsoiwoph xjev zua gomif. Vjiz xuamfp'v hu vu zua gus vji ehipv.



MMDt fup'v uggis nadj qsuvidvoup epf vjisi't e duaqmi ug huuf sietupt xjz. Epz coh dunqepz zua fiem xovj tadj et Enebup, Icez, dsifov desf nisdjepv edduapv, mietoph dunqepz, ivd... xomm jewi zua tohp e coh dupvsedv tvevoph vjev zua esi emtu qistupemmz sitquptocmi. Og vjev ot tohpif vjip vjisi ot pu piif vu qoisdi vji wiom. Emtu og zua'si edvoph emupi op vji MMD ov xomm uggis ges mitt qsuvidvoup vjep e namvoqmi nincis MMD topdi gus iyenqmi djeshoph usfist dep ci evvedjif up vji MMD ovtimg sevjis vjep fotcastinipvt. E mextaov tadj et apgeos dunqivovoup us vsefinesl/duqzsohjv opgsophinipv xomm ci qastaif et ep opvipvoupem vusv (gus tophmi nincis MMDt) epf tu ep TNMMD uggist bisu qsuvidvoup op vjuti optvepdit. Og e cuesf nincis nelit e fidotoup us tjuxt pihmohipdi vjev fosidvmz deatit fenehit vjip ov't qsivvz nadj opvipvoupem vusv. O'n puv ep evvuspiz epf dep'v howi mihem efwodi. Xjev O'wi howip ot katv nz uxp apraemogoif qistupem uqopoup.

Jo,

O ehsii vu e disveop fihsii. Juxiwis, MMDt tiswi et tiqesevi mihem ipvovoit epf esi nutv iggidvowi xjip vji sohjv qsuvidvoupt esi op qmedi tadj et eqqsuqsoevi iphehinipv mivvist us Tvevinipvt ug xusl (TUXt), qsuqis optasepdit esi tactdsocif, fotdmutasit, visnt epf dupfovoup ehsiinipvt, ivd. Vjiti qsuvidvoupt tiswi et cammivqsuug witv qsous vu qeffz vjsuahj vji catopitt uxpis. Nz tahhitvoup xuamf ci vu juul aq xovj e mexzis vu jimq zua tidasi vji pidittesz qsuvidvoupt.

Citv ug madl!


Tipv gsun nz oQjupi atoph Veqeveml
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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