Legal Question in Business Law in Ohio
corporate operating agreement
Is the corporate operating agreement for an ''S'' or ''C'' corp the same as that for a LLC? I am trying to obtain forms to create an operating agreement for an existing corporation.
Asked on 2/14/08, 4:08 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: corporate operating agreement
A corporation does not have an operating agreement. A corporation has a Code of Regulations, also called Bylaws. This document should have been prepared right after the corporation was formed.
You have highlighted the problem with "do it yourself" incorporation, or formation of an LLC. The articles get filed, but none of the other necessary documents are ever completed.
Answered on 2/15/08, 9:17 am
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