🏛️ Formation

Operating Agreements

Lesson 3 of 9 · 6 min read

The Operating Agreement is your LLC's constitution. Even if your state doesn't require one, you need one — especially if there's more than one owner.

It must cover: ownership %, capital contributions, profit distribution, voting, transfers, dissolution.

Download a state template, customize, sign, store. Don't open a bank account without one.

Picking a stateEIN: what, why, how