Single asset entity operating agreement?

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  • Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
    8y

    The simplicity of an operating agreement depends less upon the asset than it does upon how many people are involved. If you're the sole member, then it's pretty simple, you can google one. The purpose is really only for the bank to open accounts and if you're getting financing, but the content is less important. If there are multiple members you should probably get a lawyer to draft or at least perform a quick review.

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