The Mississippi multi-member limited liability company operating agreement finalizes the rules that Mississippi company members have decided to utilize in governing their LLCs. This gives each member the security of knowing the privileges as well as the limitations of the role assigned to them. Additionally, this paperwork may be referred to whenever needed for any clarification on the company’s policies.

Mississippi members who sign this agreement would be encouraged to negotiate their standing wisely, even if consultation is needed. Once a member agrees to its content by signature, he or she will need to comply with the policies of the company and the hierarchy established by this document.