LLC Notices, Resolutions and other Operations Forms Package - Hawaii 2025

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Is an operating agreement required in Hawaii? No. Hawaii Revised Statute 428-103 states that members of an LLC may enter into an operating agreement but doesnt say that they must. However, without an operating agreement, your LLC will be governed by the default Hawaii Uniform Limited Liability Company Act rules.
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.
The operating agreement typically defines an LLCs purpose, its operating procedures, its ownership structure, the distribution of any profits or losses, and many other key details, such as what happens in a change of LLC ownership.
Can I write my own Operating Agreement? Yes, but we recommend using an Operating Agreement template. An Operating Agreement is a legal document. You dont have to hire an attorney to write one, though.
An LLC resolution is a legal document that describes the roles members of an LLC should play. This document also highlights situations that which voting might be required. For our company, the main objective of the resolution is to set clear guidelines that ensure smooth operations of the entity.
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Most states, including California, Texas, and New York, do not require notarization for operating agreements. In these jurisdictions, notarization remains voluntary and may be pursued to enhance document authenticity and credibility.
How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLCs members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.
Bylaws and resolutions are the initial decisions of your corporations board of directors and basic operating rules of your corporation. An operating agreement is a key document used by LLCs because it outlines the business financial and functional decisions including rules, regulations and provisions.

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