What is an Operating Agreement for an LLC?

Operating Agreement of a Limited Liability Company A limited liability company (“LLC”) operating agreement is a legal document that outlines how an LLC will operate. It sets out the rights and responsibilities of the LLC’s members and managers, and provides guidance for how the company will be managed, how profits and losses will be allocated, READ MORE

How Do You Start a Business in North Carolina?

Starting a business in North Carolina (NC) involves several steps, which are listed below: These are the basic steps to starting a business in NC. You can find more detailed information and resources on the North Carolina Secretary of State’s website and the NC Department of Commerce’s website. Does an LLC need an Operating Agreement? READ MORE