If your small business operates as an LLC, you probably have an operating agreement saved somewhere in your documents, or gathering dust in a filing cabinet.
But do you know what this agreement says? And what does it mean for you now…and later?
This legal document between your owners sets how you make decisions, divides costs and profits, and governs other important factors to your smooth sailing. It is no less than the law of your company.
If your operating agreement is only a dim memory, or if it was cobbled together with the help of AI or downloaded from the internet, we can tell you from experience that it’s bound to come back to bite you when you need it most — in times of trouble, or big success, or when owners stop seeing eye to eye. Way too often, we have seen operating agreements that fail to give founders the power or protection they expected.
There is a budget-friendly alternative:
Reach out today to schedule a review-and-refresh of your operating agreement from Princeton Business Law.
