Description

This template is for brand new entrepreneurs who recently formed their LLC.

The Company Agreement (otherwise known as an Operating Agreement or Business Agreement) is a vital part of the business formation process. 

If you form a business you must have some sort of agreement in place dealing with the operation and management of your business.

The Company Agreement is the life blood of your organization. It determines how the internal operations of your company work, including long and short term transactions and operations. 

The Company Agreement is the document that gives you ownership in the company, dictates how you manage and operate on a daily basis (including vital items such as who can write checks in the name of the company) as well as how long-term decisions will be made (including tax and election decisions).

Even if you’re a single member LLC (only one owner) you need a company agreement that lays out your ownership interest in your company.