How do you protect your Slidell business in the event you want to add a new member, remove a member, divide profits and losses, or plan for a disaster or hardship? You have an Operating Agreement in place among the members.

Other names folks sometimes call Operating Agreements include:

• LLC Agreement
• LLC Partnership Agreement
• Business Operating Agreement
• LLC Membership Agreement
• Or, my favorite, "those papers"

Some things you want in your small business Operating Agreement include:

• What members own the company and in what percentage? Is it based on contributions (time, money, or property)?
• How do the members split up the profits and losses?
• What happens if a member dies?
• What about if the member wants to leave?
• If you have multiple locations, where is your headquarters or principal place of business?
• What members can enter into contracts on behalf of the company?
• Do yall have regular meetings? When are they to be held
• Management guidelines

I know someone out there is saying, "Yea my LLC is just me. I don't need an Operating Agreement." Think again!

‍

Having one in place allows you to further remove yourself from potential litigation and also allows you to bring in additional members down the road.

‍

Protect yourself and your Covington business by having a solid Operating Agreement right out the gate. Don't have one in place? You can have one drafted.

‍

Contact Us and Follow Us Online

Need help navigating service dog laws in Louisiana? Want to get started with a paid personal or business consultation with Amber & Tubbs? You can shoot us an email to start a conversation or reach out to our Assistant Brielle via phone or text at 985-265-7069 to schedule or get pricing information.

‍

‍

Want More Amber & Tubbs? Please Follow Us Online:

‍

Amber's Facebook
Tubbs' Facebook (yes you read that right)
Our Instagram

Tubbs’ Instagram

‍

‍