Multi-member – This is for an LLC with two or more members.While some states don’t require single-member LLCs to have this document, it’s still recommended for clarity and legal protection. It outlines the rules and provisions relevant to a sole owner. Single-member – This is for a limited liability company with only one owner.There are two types of LLC Operating Agreements: The agreement sets out the financial and working relations that suit the specific needs of the business owners.
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