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SMS Operating Agreement

SMS Operating Agreement

Aug 6th, 2022

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How to SMS Operating Agreement

4.6 out of 5

21 votes

This text emphasizes that the provided information is for educational purposes only and not as legal, tax, or financial advice, recommending consultation with licensed professionals for specific needs. It notes that the content is copyright protected and cannot be redistributed without consent. An Operating Agreement is explained as a crucial internal document for LLCs that outlines management and financial operations. Unlike LLC Formation Documents, it does not need to be filed with the state but should be kept with business records. The agreement clarifies the membership structure, detailing who the members are and their ownership percentages, as well as how the LLC is managed.

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