A Maryland multi-member LLC operating agreement is a crucial document that outlines how a limited liability company will operate. It covers the company’s structure, decision-making processes, roles and relationships of owners, and provisions for indemnifying owners from legal and financial liabilities.
Creating an LLC operating agreement is highly recommended as it protects the company and its members. Without it, members may face legal and financial liabilities. The agreement can be kept at the company’s registered office, and all members should review and agree to its terms carefully.
