09/09/2026
Do I Need An Operating Agreement When Forming A New Business? If So, What Should It Include?
An operating agreement is essential, even for a single-member LLC, as it formalizes the business structure. For businesses with multiple owners, the agreement should outline the operational rules, delineating the authority and responsibilities of the managing partner or member and the rights of all other members.
Learn more here: https://www.compasslegal.net/different-legal-structures.../