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Operating Agreement - Explained


The Operating Agreement defines how a company will conduct business. Operating agreements explain things like the name and purpose of the company, how often board meetings will be held, your responsibilities as an owner or officer of the company, and our responsibilities as an investor. 

Among other things, the Operating Agreement establishes your company’s board of directors. The board is the governing body for your business and support system! Board members meet regularly to set governance, provide oversight, and offer strategic guidance.