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As we noted above, you’ll need an operating agreement if you’re setting up your LLC in California, but it’s an important document to have even if it wasn’t required: Your operating ...
Commissions do not affect our editors' opinions or evaluations. An LLC operating agreement is a legal document that details the rules and regulations of a limited liability company (LLC ...
The steps to form an LLC in California include the following ... The easiest way to write your operating agreement is by accessing a template. Templates are available for free through many ...
Forming a California LLC might be the perfect choice ... To draft your LLC operating agreement, consider using a template as a starting point. Customizing the template to suit your business's ...
A typical LLC operating agreement is a 10- to 20-page contract document that sets up guidelines and rules for the LLC. In states such as California, Missouri, and New York, it is mandatory to ...
How do I create a simple operating agreement for an LLC? To create a simple operating agreement, you can always just fill-in a free online template and add any other details you think are ...
Image courtesy of Sos.ca.gov. Step 5: Draft an LLC operating agreement The state of California requires members of an LLC to enter into an operating agreement, either shortly before or shortly ...
Establishing an LLC in California involves navigating various costs and fees. Initially, entrepreneurs face charges such as state filing fees for the Articles of Organization, costs for appointing ...
LLC operating agreements frequently provide for indemnity to the LLC’s manager. This is consistent with the statutory default rule embodied by California Corporations Code section 17704.08(a ...