An LLC operating agreement is a legal document that details the rules and regulations of a limited liability company (LLC) with regards to financial and functional decisions. It covers everything ...

(Optional) Step Six: Draft an Operating Agreement. As you learn how to start an LLC business in Tennessee, you’ll find that creating an operating agreement is not required by the state—but it ...

A typical LLC operating agreement is a 10- to 20-page contract document that sets up guidelines and rules for the LLC. In states such as California, Missouri, and New York, ...