An operating agreement contains the rules of engagement for an LLC. It describes how the LLC will be governed, how distributions of profits happen, and define the roles and responsibilities. It is also imperative to get it right. Because it is a contract between all members (and most of the time, the managers), the operating agreement is a critical LLC document. When issues arise, the first place to look for what the LLC must do is the Operating Agreement. Many times the biggest concerns of clients involve one of the following:
Making the rules extremely clear, so there aren’t any surprises later.
Establishing a fair and marketable governing document that won’t scare investors away.
Understanding how to go from the ‘rough sketch’ stage to a working and living agreement.
The attorneys at Moschetti Law Group are experienced in company formation and drafting Operating Agreements within a syndication context. We understand how to make the agreement something that will be appealing for investors rather than scaring them away. Contact Moschetti Law Group today to discuss your company formation and how we can help you develop your strategy from the ground up.
An Operating Agreement must be Actionable. It will give clear instructions on what is supposed to happen, when it is supposed to happen, and who is involved.
An Operating Agreement must be Ample. It will be complete and cover as many foreseeable scenarios as possible.
An Operating Agreement must be Appropriate. It will be in formal language to avoid ambiguity, direct, and legally sound.
An Operating Agreement must be Agile. It can evolve with the business and allow the business owners to do what needs to be done.
Contact our syndication and private placement memorandum law firm today!
At Moschetti Law Group, our practice serves the needs of Founders by providing real estate law and real estate syndication attorney services to Founders. Whether you are the Founder of a real estate empire or building a business and need assistance with purchase and sales, real estate transactions, or real estate litigation, we serve Los Angeles County, eastern Ventura County, and North Orange County from our office in Calabasas. We also have a primary focus on helping Real Estate Syndication Founders throughout the United States with forming their syndication, understanding crowdfunding, private placement memorandums, and operating agreements.