September 16, 2016

What Is The Difference Between An LLC Membership Agreement versus Operating Agreement

Is there a difference between an LLC Membership Agreement and an LLC Operating Agreement? Thank you. Based on some quick research, they seem to be the same thing.

Answer

They are the same thing.

While many states do not require a limited liability company to have an Operating Agreement, it is nonetheless a good idea to have one drafted.

If your LLC consists of multiple members, then it is imperative that your LLC have a written Operating Agreement.

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