Operating Agreements & Bylaws
Operating Agreements or Bylaws are the rules and regulations that given the internal operations of a business that suits the specific needs of the owner. LOIGICA knows that starting a business is not an easy thing to do. It’s actually quite frightening to take a leap into the unknown while hoping that you land on your feet and ready to run. But to be certain, it is important to have your Operating Agreement or Bylaws in place before you start running your business.
Read below for further information or contact us today to speak with one of our business law attorneys.
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OPERATING AGREEMENTS & BYLAWS
LOIGICA will draft or review your Operating Agreement or Bylaws so you take control of your business. An Operating Agreement or Bylaws is one of the most important private documents of the company or corporation because it gives structure to your business’ financial and functional decisions. Its purpose is to govern the internal operations of the business in a way that suits the specific needs of the owners. This document outlines the percentage of a members’ ownership, responsibilities and duties of the members and managers, it establishes the outlines for the distribution of profits and loses, and buy-out and sell-out rules, among other things.
Our attorneys at LOIGICA will ensure that your Operating Agreement or Bylaws set out all the important ground rules for the structure and operations of the LLC or Corporation. Contact LOIGICA in order to draft or review your Current Operating Agreement or Bylaws.