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Two Major Types of LLC Operating Agreements
SINGLE-MEMBER - A single member LLC provides a single owner with limited liability protection. This protects the owner from being personally liable from lawsuits or any obligation in question. By having a single member LLC operating agreement form, you will be acknowledging that you recognize your business as one separate and apart from yourself.
SAMPLE:
MULTI-MEMBER - A multi member LLC provides multiple members the ownership of one entity.This protects the members from being personally liable from lawsuits or any obligation in question. It also gives the members day to day operations of the LLC. The multi member LLC operating agreement governs the relationship amongst the members of the LLC and as well provides a clear set of rules that all members have agreed apon greatly reducing disagreements in the future.
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