Who Signed Operating Agreement

When it comes to starting a business, there are a lot of legal documents to navigate. One of the most important documents is the operating agreement, which outlines how your business will be run. One question that often comes up is who needs to sign the operating agreement.

First, let`s define what an operating agreement is. An operating agreement is a legal document that outlines how a limited liability company (LLC) will be run. It outlines the roles and responsibilities of the owners, how profits and losses will be divided, and how decisions will be made. It can also include other important details such as how the LLC will be managed and what happens if a member wants to leave the company.

Now, let`s get back to the question at hand: who needs to sign the operating agreement? The short answer is that all members of the LLC should sign the operating agreement. This includes all owners, or members, of the LLC. By signing the operating agreement, all members agree to abide by its terms and conditions.

It`s important to note that some states don`t require LLCs to have an operating agreement, while others do. Even if your state doesn`t require an operating agreement, it`s still a good idea to have one in place to avoid any confusion or disputes down the line.

So, what happens if a member doesn`t sign the operating agreement? Generally speaking, it`s not a good idea to move forward with the LLC until all members have signed the operating agreement. This ensures that everyone is on the same page and agrees to the terms set forth in the agreement.

In summary, all members of an LLC should sign the operating agreement. This ensures that everyone is on the same page and agrees to the terms and conditions set forth in the agreement. While some states don`t require an operating agreement, it`s still a good idea to have one in place to avoid any confusion or disputes. As always, it`s best to consult with a legal professional to ensure that your operating agreement meets all legal requirements.