A Kentucky LLC operating agreement is a legal arrangement that defines the roles and operational procedures of a limited liability company in Kentucky. It serves to pirport the company’s ownership structure, profit distribution, and policies for making decisions and resolving conflicts.
While not legally required, it is strongly recommended. The agreement augments a company’s liability protection and legitimacy and provides a framework for day-to-day operations.
Multi-Member LLC Operating Agreement – This agreement establishes the ownership structure and operational rules of a jointly-owned business.
Single-Member LLC Operating Agreement – This legal document formalizes operational procedures for an individually owned company.
