The Wisconsin limited liability company operating agreement must be placed in effect to better protect the assets of the members in this company as well as establish this entity’s identity. This kind of contract should be as inclusive as possible as it should cover membership details such as the percentage of ownership each member enjoys, his or her voting rights, and the types of asset protection available from the company’s status.
Company policies such as the type of business it will conduct, the tax status it shall hold as an entity, and the manner in which the agreement may be amended must also be declared in this paperwork. As always, when developing a contract that shall define a company whether it has one member or multiple members, it is recommended to consult an attorney or similar professional before it is completed and to have it executed with a notarized signature from each member.
Templates (5)
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