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"Essential Guide to Operating Agreements in LLC Governance"
Introduction to Operating Agreements
An Operating Agreement is a crucial document for Limited Liability Companies (LLCs) that outlines the management structure and operational guidelines of the business. While not always a legal requirement, having an Operating Agreement is essential for ensuring smooth governance and clarifying the roles and responsibilities of members. In this article, we will explore the significance of Operating Agreements in LLC governance and how they can protect the interests of all parties involved.