A Texas LLC operating agreement outlines the guidelines for running a limited liability company. It serves to clarify member responsibilities, profit disbursements, and operational conduct for legal purposes.
No, but it is recommended. The agreement enshrines the LLC’s business framework and bolsters liability protection.
Multi-Member LLC Operating Agreement – Elaborates the proposed governing operations for a limited liability company with multiple associated members.
Single-Member LLC Operating Agreement – Decrees regulatory provisions regarding the operational agenda of an LLC owned by one individual.
