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17th September
2021
written by Tellus

There is no legal obligation to create one, most people do not make agreements with themselves, and usually the small entrepreneur simply does not have time for unnecessary overhead. If there are several members, this agreement becomes a binding contract between the members. Finally, if you do not have a company agreement, your LLC must comply with the “standard rules” of your country, which may not be in your interest. First, we`ll discuss why your member LLC needs a company agreement. Next, we deal with topics that are normally included in a company agreement. A company agreement is an important business document that shows that your business is functioning as a legitimate business. Without the company agreement, your state may not recognize you as an LLC, meaning someone could sue them to sue you without there being a shield to protect your personal property…

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