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Massachusetts Multi-Member LLC Operating Agreement

A Massachusetts multi-member LLC operating agreement is a document that determines the way a company owned by two (2) or more members will be run and managed. The agreement includes such information as:

  • Where the company resides;
  • Which members own which interests;
  • How interests can be transferred;
  • How financial affairs will be handled;
  • How the company will be wound up if it comes to that;
  • and more.

The operating agreement should be signed in the presence of a notary public, and all signatories should keep a copy.

Massachusetts Multi-Member LLC Operating Agreement