Category Archive for: "Operating Agreements"

Category: Operating Agreements

The Importance of an Operating Agreement

A limited liability company (“LLC”) is formed by filing a short document usually known as a “certificate of organization” or “certificate of formation” (or something similar). After the LLC is formed it is highly advisable that the members of the LLC enter into an operating agreement which provides a clear set of rules by which […]

Categories: Blogs, Limited Liability Companies, Operating Agreements, Pennsylvania Law, Transition Issues