Write an operating agreement

Stage 1: Lay the foundation. Step 3 of 24 in the new LLC launch playbook. This is the rulebook for your LLC: who owns what, who makes decisions and what happens if someone leaves. Even a one-person LLC should have one, because it helps show the business is separate from you. Key points: - Cover ownership percentages, how profits are split, voting, and what happens if an owner leaves or dies. - Not every state requires one, but many banks ask to see it. - If you have partners, have an attorney review it. It prevents expensive fights later. Cost: Free template to a few hundred dollars.

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