A Rhode Island LLC operating agreement utilizes a legal form to assign internal requirements and rules for running a limited liability company. The document encompasses operational procedures, member roles, and the distribution of profits in addition to various other aspects of the business.
Does Rhode Island Require an Operating Agreement?
No, but it is highly suggested that an LLC establish one. The agreement further strengthens the business’s overall structure for loan and investment opportunities and creates a higher level of liability protection.
By Type (2)
Multi-Member LLC Operating Agreement
– Declares defined parameters and operational directives for a limited liability company with multiple owners.
Download: Adobe PDF, MS Word (.docx)
Single-Member LLC Operating Agreement – Ackowledges contractual commitment to maintain operation expectations for an LLC with only one identified owner.
Download: Adobe PDF, MS Word (.docx)