Updated April 15, 2022
An Arkansas multi-member LLC operating agreement is a legal document that is designed to meet the needs of multi-member businesses. This document, once reviewed, agreed upon by all members, and signed in agreement, will offer protections that would not be available without it.
The document will protect the personal assets and property of all members by separating them from the business. The form will also serve to certify the members.
The State of Arkansas requires all businesses to file an operating agreement. Reports and fees are due annually no later than May 1. The document must be witnessed and acknowledged by a notary public; therefore, all signatories must refrain from the application of signature until all members are present in the service of a notary.