A Minnesota LLC operating agreement is a legal contract that defines the structure and operations of a limited liability company in the State of Michigan. It specifies the company members’ roles, rights, and responsibilities. The agreement also details how the company will distribute profits, make decisions, and add or remove members.
Does Michigan Require an Operating Agreement?
No, but it is strongly suggested that you obtain one. The document clarifies business operations, protects members’ rights, and helps prevent internal disputes.
By Type (2)
Multi-Member LLC Operating Agreement
– This contract details the ownership structure, operational guidelines, and financial policies for LLCs consisting of more than one member.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Enacts financial and operational rules to a legal form for an LLC owned and operated by one individual.
Download: Adobe PDF, MS Word (.docx)