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Operating Agreement

Anatomy of an Operating Agreement Part 3: What Do I Need in an Operating Agreement to Facilitate Turnover in Ownership?

By LLC, Operating Agreement, Startups
LLCs with multiple owners need to document their procedures for handling the expulsion and departure of members, as well as dissolution of the company. Without an operating agreement to define these processes, owners will be poorly able to execute these activities. Withdrawal or Death of a Member You may have…
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