The Montana multi-member limited liability company operating agreement confirms how multiple company owners intend to run an LLC in this state. Each Montana member executing this agreement must comply with it by signature. This act of signing will demonstrate that each of its signature members has read, comprehended, and confirmed items such as their position in the LLC, their capital contributions to the company, how they may expect profits to be divided and received, how the company’s debt will be handled and the level of liability protection the company may give when it suffers a loss.
This contract will govern the Montana LLC and the member actions within the entity; therefore, the participating business owners should finalize their discussion only after they are sure the resulting agreement represents their wishes and intent.
Templates (5)
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