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OPERATING AGREEMENT FOR ___ A MANAGERMANAGED LIMITED LIABILITY COMPANYARTICLE I Company Formation 1.01FORMATION. The Members have formed a Limited Liability Company (\” Company\”) subject to the
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Step 1: Choose a name for your manager-managed limited liability company.
02
Step 2: File the necessary paperwork with the appropriate state agency.
03
Step 3: Draft an operating agreement that specifies the roles and responsibilities of the manager and the members.
04
Step 4: Obtain any required licenses or permits for your business.
05
Step 5: Open a business bank account.
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Step 6: Keep organized records of your company's finances and operations for reporting and taxation purposes.
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Step 7: Comply with any ongoing filing and reporting requirements as mandated by the state and federal government.

Who needs a manager-managed limited liability?

01
Business owners who want to have a designated manager to handle the day-to-day operations of the company.
02
Companies with multiple owners who want to have a manager to make decisions on behalf of the company and avoid conflicts.
03
Entrepreneurs who want to limit the personal liability of the managers to protect their personal assets.
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A manager-managed limited liability means that the company is operated by appointed managers rather than all members being involved in day-to-day operations.
All businesses structured as a manager-managed limited liability company are required to file with the appropriate state agency.
To fill out a manager-managed limited liability, you will need to provide information about the managers appointed to run the company and any other required business details.
The purpose of a manager-managed limited liability is to streamline the decision-making process and allow designated managers to handle daily operations.
Information such as the names of appointed managers, business address, and details of the members are typically reported on a manager-managed limited liability.
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