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Iowa Multi-Member LLC Operating Agreement

An Iowa multi-member LLC operating agreement outlines the procedures, policies, and ownership structure of a company owned by two (2) or more members. State law in Iowa does not require a business to implement an operating agreement; however, it is strongly recommended, as the document can mitigate potential disputes and shield members’ personal assets from any liabilities the company incurs. Each business owner should retain a signed copy of the operating agreement.

Iowa Multi-Member LLC Operating Agreement