VIEWS: 136 PAGES: 7 CATEGORY: Forming an LLC - LLC Operating Agreements POSTED ON: 12/16/2011
This Limited Liability Company (LLC) Operating Agreement outlines the operating procedures and policies of an LLC. An LLC is a flexible business entity that combines the benefits of corporations and partnerships, and the operating agreement defines the members' rights, powers and entitlements. The agreement contains information regarding the members' capital contributions, the board of members, and the LLC's purpose. This operating agreement contains many of the standard provisions commonly included in LLC operating agreements, and it may be customized to fit the specific needs of the members forming the LLC. This document should be used when forming an LLC located in Michigan.
"Michigan LLC Operating Agreement"