Business Operating Agreements
Operating agreements are an important step in setting up a business to be successful. A well drafted operating agreement can help a business avoid a messy lawsuit and lengthy litigation.
What is an Operating Agreement?
Operating agreements are a key document that outlines how a business will be run. These agreements govern all aspects of the way a business functions; including, division of ownership, management, liability, allocation of profits, and taxation. They help a business navigate situations such as growth, change in leadership and any developments in the company over time.
Building an Operating Agreement
There is no right way to build an operating agreement. It is recommended that you seek the help of a business attorney to ensure it is tailored to your business’ specific needs. At Greiner & Associates, PLLC we help our clients develop an operating agreement that meets their immediate needs and we strive to build a lasting relationship with our clients to assist their need for any changes in the future.
Are you considering starting a business and need help developing an operating agreement?
Or maybe your current operating agreement doesn’t best represent your business needs?