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The Texas Limited Liability Company Law uses the term company agreement to refer to the document that other states call an operating agreement. The terms company agreement and operating agreement are synonyms.
In Texas, an LLC operating agreement should include the following key elements: Formation details of the LLC. The name and Texas address of a registered agent, who is designated to receive legal documents on behalf of the business. The term of the LLC. The purpose of the business. The business location.
Although Texas Law does not require LLC's to have a written operating agreement, it is unwise to establish a LLC without one.
An LLC operating agreement is not required in Texas, but is highly recommended. This is an internal document that establishes how you will run your LLC. It sets out the rights and responsibilities of the members and managers, including how the LLC will be managed.
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