An Ohio multi-member LLC operating agreement is a critical legal document for businesses with multiple managing members, delineating the company’s operational structure, member responsibilities, and financial arrangements, including ownership stakes, taxation, and procedures for business sale or dissolution.
While not mandated by Ohio law for operation, this agreement is vital for protecting member assets from business liabilities and is often required for financial and tax transactions. It ensures the business is not default governed by state law, offering a tailored governance structure for internal operations, member relations, and daily activities.
