An Operating Agreement is the legal backbone of your company. It defines member equity splits, voting powers, profit distribution, and liability protections.
1. Bank Account Requirement: U.S. banks (including Mercury, Relay, Chase, and Bank of America) mandate a signed Operating Agreement before opening an account.
2. Preserving Limited Liability Protection: Having a formal Operating Agreement proves that your business is a separate legal entity from yourself, protecting your personal assets from corporate liabilities.
3. Preventing State Default Rules: Without a custom agreement, your LLC is bound by generic state default laws, which may conflict with your intended ownership arrangements.
Included at no extra charge in every FileUSLLC formation package.
Get Your Operating Agreement + LLC ($399) →