A Connecticut limited liability company operating agreement should be developed as an official summary of a company’s policies and a description of its membership. Here, discussions centering on who the members are, how much authority they will carry, the contributions required of them, and other membership attributes will be documented. In regard to the Connecticut LLC, its tax filing practices and its behavior both on the market and internally shall be solidified.
Ideally, Connecticut business owners of the LLC, whether it is a single-member or multi-member company, should put a significant effort into their development of the company by researching and consulting on a variety of topics ranging from the market to the current laws of Connecticut before negotiating this contract. After its execution, a copy should be kept with each signature member, and the original should be filed in the company records.
Is it Required in Connecticut?
No. There are no laws on the books mandating that limited liability companies set an operating agreement in place to form or operate in the State of Connecticut.
Templates (2)
Single-Member LLC Operating Agreement – For limited liability companies with no more than one solitary (1) member.
Multi-Member LLC Operating Agreement – For limited liability companies with at least two (2) members.
State Definition
“’Operating agreement’ means the agreement, whether or not referred to as an operating agreement and whether oral, implied, in a record or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in subsection (a) of section 34-243d. ‘Operating agreement’ includes the agreement as amended or restated.”
