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But while its not a legal requirement to conduct business in Maryland, we strongly recommend having an Operating Agreement for your LLC. Additionally, financial institutions (like banks) and other organizations may need to see a copy of this paperwork in order for you to do business with them.
Every LLC that is registered in the states of California, Delaware, Maine, Missouri, and New York is legally required to have an operating agreement.
Both parties should read the agreement thoroughly before signing.. Its not uncommon for a marital settlement agreement to be revised multiple times. The document should also be notarized by an official notary. If the agreement is not written, signed and notarized, it may not be enforceable.
The 5 states requiring an operating agreement are California, Delaware, Maine, Missouri, and New York. But while you must have an LLC operating agreement, you dont have to file it.
Can you write your own tenancy agreement? Certainly. Unless youre an attorney, or have an attorney review it, you probably shouldnt, But you certainly can. If you fail to follow your state/local laws to-the-letter, the agreement may be invalid.
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There is no Maryland state law requiring an LLC to have an operating agreement. However, if you dont have one, your LLC will be governed by Marylands default LLC statutes, and you may run into difficulty if you need to prove your ownership of the LLC or if you face a lawsuit.

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