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Why is an Operating Agreement important?

The Operating Agreement is the contract of a LLC - a shareholders agreement. The Operating Agreement is not mandatory in all states of the U.S. It is in many U.S. states not mandatory. However, it is often important that an Operating Agreement exists. Without a corresponding provision in the Shareholders Agreement, the LLC would dissolve, for example, if one of its members leaves the company. The contract is usually an important criteria for the German tax authorities when it comes to the corporation or partnership classification of the LLC in Germany.

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From the first moment, with ALTON LLC we were confident, and could instead focus on our business.  With its competent team, ALTON LCC was always been there for us. Small as well as big jobs were done to our complete satisfaction. And, Mr. Karagoz did not hesitate to tackle even the most complicated tasks.  I am always happy to do whatever I can to thank him for all his help. - Andreas Jenny (AutoGlobalTrade AG)

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