Common Contracts
1 similar Operating Agreement contracts
Do You Need an Operating Agreement for Your LLC?Operating Agreement • October 14th, 2020
An operating agreement is a document which governs the internal operations of the limited liability company (“LLC”) and can be drafted even after the LLC has been formed. Under Connecticut law, an LLC is not required to have an operating agreement. In 2017, Connecticut enacted the Connecticut Uniform Limited Liability Company Act (“CULLCA”), which applies to all limited liability companies in Connecticut. CULLCA is designed to cover entities without operating agreements, as well as to provide additional provisions that are not covered in an operating agreement. However, there are several reasons why you would want to have an operating agreement.
