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?
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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
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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?