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Mississippi Multi-Member LLC Operating Agreement

A Mississippi multi-member LLC operating agreement is a legal document that establishes the ownership structure and a procedural plan for a limited liability corporation owned by more than one (1) member. The agreement contains such information as:

  • Where the business will be domiciled;
  • How financial matters will be managed;
  • Who owns which interests;
  • How interest can be transferred;
  • How legal matters will be handled;
  • Which members are responsible for which duties;
  • How the company will be dissolved, in the event it has to be;
  • and more.

Every member should retain a copy of this agreement, which can function as a shield of protection against lawsuits and disputes.

Mississippi Multi-Member LLC Operating Agreement