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Florida LLC Operating Agreements (2)

A Florida LLC operating agreement is a legal document that allows the members of a company to record the ownership of the company and its rules of operation. In addition, members can appoint officers and record their capital contributions in the agreement. The agreement is not filed with the State of Florida, but each member should keep a copy.
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By Type (2)


Single-Member LLC Operating Agreement – For use by a sole proprietor/owner, so that they may record everyday business practices. As well, it shall provide the opportunity to separate their business from their personal activities and assets.

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Multi-Member LLC Operating Agreement – For use by companies with more than one owner, to establish the various operating procedures among the managing members/owners.

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State Definition

“Operating agreement” means an agreement, whether referred to as an operating agreement or not, which may be oral, implied, in a record, or in any combination thereof, of the members of a limited liability company, including a sole member, concerning the matters described in s. 605.0105(1). The term includes the operating agreement as amended or restated.

Sample

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