A Mississippi LLC operating agreement originates a contract to define a limited liability company’s operational and financial rules. The document outlines the company’s ownership structure, member duties, and processes for distributing profits and losses.
Does Mississippi Require an Operating Agreement?
No, but it is highly recommended. The agreement facilitates transparent business practices, provides members with liability protection, and helps to avert any possible internal disputes.
By Type (2)
Multi-Member LLC Operating Agreement
– The agreement describes the ownership, operational procedures, and financial guidelines for a jointly-owned LLC.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Delineates internal policies for a business with one owner within a legal arrangement.
Download: Adobe PDF, MS Word (.docx)