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Can I write my own operating agreement for my LLC?

The good news is that youre free to write your operating agreement in any way that you wish. There arent any legal requirements regarding what you must include in the agreement. Drafting the best operating agreement for your LLC simply means tailoring it to your businesss specific needs.

What if an LLC has no operating agreement?

Their absence can lead to governance by default state laws, management, and financial disorganization, and increased legal vulnerabilities. LLCS should draft and maintain an operating agreement tailored to their specific business needs.

Is an LLC operating agreement required?

Every LLC that is registered in the states of California, Delaware, Maine, Missouri, and New York is legally required to have an operating agreement.

Does New Mexico require an operating agreement for LLC?

In New Mexico, your LLC isnt legally required to have an operating agreement. While this foundational document isnt legally required, its still important to have. This agreement will establish the rules and procedures for how your LLC will operate.

Can I add an operating agreement later?

The process you choose to follow is up to you, and you can update your Operating Agreement whenever you think its necessary. We would strongly recommend that you manage this process through a business attorney so they can ensure youre following good practices.

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