A Massachusetts LLC operating agreement defines how a limited liability company (LLC) in Massachusetts operates. It sets the ground rules for financial and functional decisions, including profit distribution, roles of members, and policies for handling disputes.
Does Massachusetts Require an LLC Operating Agreement?
No, but it is highly recommended nonetheless. An operating agreement strengthens an LLC’s credibility, helps avoid internal disputes, and provides its members with liability protection.
By Type (2)
Multi-Member LLC Operating Agreement
– Demonstrates the commitment to the ownership structure and operational procedures of a jointly owned limited liability company within a legal contract.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Signifies official paperwork denoting the operational policies of a company owned and operated by an individual.
Download: Adobe PDF, MS Word (.docx)