It also describes the purpose or objectives of the LLC, highlighting the specific business activities it intends to engage in.
The agreement typically begins with an introduction, stating the basic details of the LLC, such as its name, formation date, and address. This agreement serves as a comprehensive framework to ensure smooth operation, clearly defining the rights, responsibilities, and obligations of all members involved.
This operating agreement may be established either before or after the filing of the articles of organization and may be either oral or in writing in many states.Ī Wisconsin LLC Operating Agreement for S Corp is a legal document that outlines the key operational details and governing structure for a limited liability company (LLC) that has elected to be taxed as an S Corporation in the state of Wisconsin. To validly complete the formation of the LLC, members must enter into an Operating Agreement.
