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How to Form a Partnership
How to Form an LLC
Forming an LLC
How to Become a Corporate Lawyer
How to Create a Contract
How to Create a Sole Proprietorship
How to Create an Operating Agreement
How to File a DBA
How to File for a Patent
How to File for Sole Proprietorship
How to File for Trademark Registration
How to Form a Board of Directors
How to Form a Legal Partnership
How to Form a Limited Partnership
Forming a Partnership
Starting a Partnership
How to Form a Sole Proprietorship
How to Incorporate a Business
How to Incorporate a Small Business
Ways to Incorporate a Business
How to Make a Partnership Agreement
How to Register a Company Name
How to Set Up a Partnership
How to Start a Corporation
Starting a Corporation
How to Start a Limited Liability Partnership
How to Write a Partnership Form
How to Write a Partnership Agreement
How to Write Articles of Incorporation
What is Agency Law?
How Does Agencies Within Scope of Employment Work?
How to Amend Articles of Incorporation
What Is a Shareholder?
How Do Shareholders Vote?
What Are Corporate By-Laws?
What Is a Corporate Officer?
What Is a Corporate Board of Directors?
How Are Officers, Directors, & Shareholders Different?
What are Corporation Issue Dividends?
What Is a Fiduciary Duty?
How to Pierce the Corporate Veil
What are Anti-Fraud Suits?
What Is the Business Judgment Rule (BJR)?
What Is Indemnification?
What Is Corporate Duty of Loyalty?
What Is the Corporate Opportunity Doctrine?
What is Corporate Duty of Care?
What are Corporate Mergers?
How Do Corporations Make Acquisitions?
What Is a Short Form Merger?
What Is Insider Trading?
How do Shareholders Get Money?
What Is a Closely Held Corporation?
What Is a Nonprofit Corporation?
Writing an agreement, whether it be for a loan or a sale, requires exact terms to be written down and copi… More
When making a partnership agreement, it may be best to hire the services of an attorney unless an agreemen… More
Creating a business operating agreement should involve legal consultation and determine the responsibiliti… More
In business, a buy-sell agreement is an agreement that is designed to handle situations when one or more o… More
If you are trying to rent a house, you will need to have a lease agreement in place to protect your proper… More
What is the buyer loyalty agreement when buying a house? Learn about it in this free online guide to buyi… More
Summary: Creating a business operating agreement should involve legal consultation and determine the responsibilities and liabilities of each participant. Learn more about operating agreements and how they control limited liability status with advice from a lawyer in this free video on business law.
Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. He is a certified family mediator and Florida Supreme Court certified civil...read more
"You and a business associate have decided to go into business together and you decided you want to form a Limited Liability Company or an LLC and you've heard that you need what is called an operating agreement. Hello, I'm Robert Todd and I'm here to answer the question how to create an operating agreement. Well first of all, this is sometimes a complex and comprehensive legal instrument and you should give serious consideration to getting some legal advice or at least a legal consultation before you set about to put together an operating agreement. This operating agreement is going to determine the relative responsibilities and liabilities of the participants to this agreement. Its what controls the limited liability status which is one of the reasons you're choosing the Limited Liability Company stature to begin with. So you want to make sure its being done correctly. If its not done correctly, the state statutes that govern Limited Liability Companies in your state will govern by default what happens. So you want to make sure this operating agreement reflects the agreements of you and your business associate. I'm Robert Todd and thank you for watching."
eHow Article: How to Create an Operating Agreement
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