A Hawaii multi-member LLC operating agreement delineates the internal operations and organization of a newly registered limited liability company, ensuring consensus among members. This legally binding document outlines the rights, responsibilities, and obligations of each member, providing a clear framework for decision-making, management structure, profit distribution, and dispute resolution.
While not mandatory, financial institutions or investors may request such an agreement to validate the company’s legitimacy and protect owners and their assets from liability in legal actions.
