Corporate bylaws and LLC operating agreements are the legal core of corporations and limited liability companies, respectively. While Articles of Incorporation and Articles of Organization are the documents filed with the Missouri Secretary of State which give legal life to the business entities, the bylaws and operating agreement structure the business and make substantive determinations…
Legal Articles
LLC Operating Agreements
As I mentioned in an earlier post, Missouri Revised Statute (“RSMo”) 347.081(1) requires that members of a Missouri LLC adopt an operating agreement. The operating agreement is essentially an agreement, written or oral, between all members concerning the conduct of the business, the affairs of the limited liability company and the rights, duties and obligations…