What is an operating agreement?

Business Attorney - Columbus, Ohio

We regularly work with entrepreneurs to make their vision come to life. This usually starts by filing an LLC with the state, obtaining an EIN, and drafting an operating agreement. All of these items are very important to the health of the business from the time it starts to when it sells or dissolves. However, we see all too often where entrepreneurs forget to implement an operating agreement.

A filing with the State is the official recognition of the company. It creates a legal entity that provides protection from liability. An LLC is a separate legal entity.