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Insights
Filtered by tag: Operating Agreements — View all
A Veteran’s Guide to Launching a Business: From Op Order to Operating Agreement
SECTION I: SITUATION
1. CAUTION.
The LLC Operating Agreement - Why is it important and what should it say?
An LLC is a fairly limitless business form. Generally, an LLC can be and act in any number of ways, tailored to how you want your company to operate. The Kentucky LLC statute provides several gap-filler provisions, but most of these can be overridden by the terms of the operating agreement, making the operating agreement a nearly indispensable part of any LLC.
