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Tennessee Multi-Member LLC Operating Agreement

A Tennessee multi-member LLC operating agreement is a legally binding contract that sets out the terms of engagement for a limited liability corporation owned by two (2) or more members. Members can be individuals or companies. The agreement establishes clear expectations around members’ ownership interests, powers, duties, and obligations. It also sets out how the corporation will deal with financial and legal matters and protects each member’s assets from exposure to liabilities the company confronts.

Tennessee Multi-Member LLC Operating Agreement