Maryland LLC Operating Agreement

An LLC Operating Agreement is a promise by members of a limited Liability Company to operate the LLC in a particular manner.  It provides protection against personal liability by demonstrating your intent to form a separate business entity.  Moreover, the agreement helps to prevent misunderstandings by specifying, among other details, the manner in which profits are divided, business decisions are made and the addition/departure of members.

Form Description Types

Maryland Single Member LLC Operating Agreement

A Maryland Single Member LLC Operating Agreement is a written document that allows a single owner (the sole owner of a company) to separate their business from their personal affairs. Importantly, for federal income tax purposes, the sole member is…Read more ›

Maryland Multi Member LLC Operating Agreement

A Maryland Multi Member LLC Operating Agreement is a written agreement between the members of the LLC that sets out a structured system as to how the LLC will be managed. With respect to other recognized lawful entities, the Multi…Read more ›