The Connecticut operating agreement for multi membered LLC’s creates a type of partnership agreement with the entity to protect the owners, or “Members”, and the active participants in the company. The agreement is not required in the State, but is highly recommended to account for any initial contributions provided by the members (if any) and to make sure every person’s role is clear.
The agreement may also work as a company bylaw, stating all the information about the LLC including information provided by the Secretary of State’s office.
- Definition – (15) “Operating agreement” means any agreement, written or oral, as to the conduct of the business and affairs of a limited liability company, which is binding upon all of the members.
How to Write
Writing an operating agreement to be legal under State law must contain the following:
- Name of the Entity
- Date of Agreement
- Formation Date
- State of Incorporation
- Primary Business Use/Purpose
- Place of Business/Principal Office Address
- Registered Agent and Office Address
- Fiscal Tax Year
- Members – All Owners
- Management of the Company
Use the Sample when completing and the agreement must be signed by all members before the form becomes final.