Members Operating Agreement
Operating Agreement for a LLC owners usually includes a buy-sell or transfer restriction process agreements. These agreements are critical to the success of a company, control of the members ownership, protecting the company from an individual members creditors, transfer of ownership interest, protecting owners and the company from competition by an owner, company governance and operations, and valuation of the company as between member owners. An operating agreement, like an shareholder agreement of a corporation and for a partnership agreement of a partnership is a critical document that takes knowledge and experienced legal advise and document preparation in order to balance and protect the owners investment and the company's operations
