Get Operating Agreements

Each customer in an LLC must have a copy of the company agreement and can provide you with one if yours has been moved. Indeed, the company agreement may itself contain a language on the responsibility of each agent confirmed by the company to provide, on request, copies of documents. A company agreement also clarifies what happens when the owner dies or is unable to handle the business. That is, it establishes a succession plan. Your company agreement should contain a clause that will determine who manages the LLC if you are unable to do so. Without this specific provision, it can be difficult for your family to continue or dispose of it without lengthy litigation. States require each LLC to identify a business agent, that is, a natural or legal person who receives legal information for the company. The registered sales agent is often a sales department that explicitly exists to fulfill this function. The agent can also be a single employee of your LLC. Request a copy of the company agreement from this natural or legal person. You can use online services to create a business agreement, but you are better served if you use the help of a lawyer. Your lawyer can ensure that all relevant clauses are included and he or she can adapt the document to the requirements of your country.

A company agreement for a single LLC member provides important information about your LLC in writing. Many sites that try to sell you LLC forms and services will tell you that if you don`t have a solid LLC business agreement for a single member, you will lose protection. This is a total lie. Notifications – All notifications to members are sent to the address printed in the company agreement.