A Wyoming LLC Operating Agreement is a document that sets out the rules that will regulate the LLC, the relationship of the Members, etc. It contains, at a minimum, the following clauses, regulation, and/or information:
LLC legal name.
Initial registered agent name and address.
How it is managed (Member Managed or Manager Managed).
Interest ownership percentage of its members.
How it will elect to be taxed.
Rules for holding meetings, and voting rights, quorum, etc.
Profit and los allocation.
Duration.
Dissolution.
Heirs rights.
State and date of formation
Initial contributions made by the members.
The Operating Agreement is an internal document, but it can be asked by some banks when opening a corporate bank account, or when requesting a credit.
Jean Franco Fernandez Clark
Founder & CEO
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