An operating agreement, also known in some states as an LLC agreement, is a contract that describes how a business plans to operate. Think of it as a legal business plan that reads like a prenup.

[1] In Connelly, Justice Thomas discusses the effect of shareholder agreements on estate tax valuation. He states, “Although such an agreement may delineate how to set a price for the shares, it ...

Engaged Capital and Yeti reach a key agreement. Here are three ways to create shareholder value By Kenneth Squire, CNBC • Published April 5, 2025 • Updated on April 5, 2025 at 8:17 am ...