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 ...

Drafting an operating agreement is a common business practice for startup LLCs. An LLC is a small-business structure where the company enjoys legal treatment closer to that of a corporation ...

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, ...