Draft Operating Agreement in California for Food Production Business
How much does it cost to draft a Operating Agreement in California? Below are summary details about a user that needed to draft an
in California for Food Production Business.
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The user received 7 bids to draft the Operating Agreement at a pricing range of $495 - $1999 on a flat fee.
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Hi, a friend and I plan to register an LLC together. We would like to purchase rental units which would be owned by this LLC, and would like to have an operating agreement between us under this LLC. What do we need to know, and who should we talk to?
Answered Mar 3, 2021
You will need to know what the equity split will be, and if it is 50/50, how will you manage tie votes. How will profits and losses be allocated? How will the LLC be managed? What happens if one of you wants to sell to a third party or leave the LLC?