Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. An LLC operating agreement is a legal document that details ...

A single-member LLC is a limited liability company owned by one partner. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain ...

An LLC operating agreement isn’t required in most states, but it’s an important legal document for a business. Many, or all, of the products featured on this page are from our advertising partners who ...

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal operations ...

When forming a limited liability company (LLC) it is common practice to create an operating agreement that governs how your LLC is managed and run financially. Not all states require an operating ...