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Delaware Multi-Member LLC Operating Agreement

A Delaware multi-member LLC operating agreement is a document that establishes a business owned by more than one (1) member. The agreement outlines the company’s ownership structure and standard operating procedures. While state law does not require operating agreements to be in place in order for a company to be legal, the agreement can shield owners from a company’s liabilities and reduce the risk of a dispute among members. A copy of the agreement should be retained by each signatory.

Delaware Multi-Member LLC Operating Agreement