Legal Question in Business Law in Delaware
operating agreement for LLC
there's 3 members in our LLC, can just one member sign our operating agreement? We're registered in Delaware.
Asked on 11/02/07, 9:05 pm
2 Answers from Attorneys
David Anderson
Anderson Business Law LLC
Re: operating agreement for LLC
NO- the Op Agreement is the controlling document and is a CONTRACT which binds each member to its terms.
Answered on 11/02/07, 9:19 pm
Mitchell Roth
MW Roth, Professional Law Corporation
Re: operating agreement for LLC
The purpose of an operating agreement is to iron out the terms of the agreement between the principals. Therefore, it needs to be signed by each.
Answered on 11/03/07, 1:57 am
Related Questions & Answers
-
LLC Waiver and Indemnification I am a 1/3 member of a Delaware LLC. The other... Asked 9/14/07, 12:41 pm in United States Delaware Business Law
-
Consequences Behind Forfeiting an LLC I currently have an LLC incorporated out of... Asked 8/23/07, 12:05 pm in United States Delaware Business Law
-
Inaccurate SEC filings if ia company files a false SEC form are there legal... Asked 6/11/07, 8:28 pm in United States Delaware Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
