A Washington multi-member LLC operating agreement structures the internal governance, member roles, and financial policies of an LLC with at least two managing members. Even though the state doesn’t have a statutory requirement demanding LLCs to file or write this agreement, it’s advisable for members to create one.
This document offers a layer of protection against personal liability for the company’s debts, ensuring members can keep their personal assets safe. Additionally, the agreement clarifies the specifics of profit distribution, operational responsibilities, and the overarching framework for decision-making within the company.
