So after having formed an LLC business entity for 3 months now I went to a local SBA sponsored SB workshop.
There the business instructor was putting fear into people saying that after you've gotten confirmation from the state that your LLC has been formed that well....it still has not been formed all the way.
The SBA instructor says their's this thing called an "Operating Agreement" that you have to document with the state as well, and that without that, the LLC you created does not mean jack squat even if its a Single-member LLC!!
Ok then, that hit me by surprise so best thing I thought to do was to get some comments, discussions, thoughts, e.t.c. What has been your experience with this so-called "Operating Agreement" that is so crucial.
There the business instructor was putting fear into people saying that after you've gotten confirmation from the state that your LLC has been formed that well....it still has not been formed all the way.
The SBA instructor says their's this thing called an "Operating Agreement" that you have to document with the state as well, and that without that, the LLC you created does not mean jack squat even if its a Single-member LLC!!
Ok then, that hit me by surprise so best thing I thought to do was to get some comments, discussions, thoughts, e.t.c. What has been your experience with this so-called "Operating Agreement" that is so crucial.
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