An LLC operating agreement is the internal contract among the members that sets the rules for how the company runs. California does not file it with the state, but it is strongly recommended (and effectively expected) — without one, the LLC falls back on the default rules in the Corporations Code, which may not match what the owners actually want.
What an operating agreement covers
- Ownership percentages and capital contributions.
- Management — member-managed or manager-managed — and voting rights.
- How profits, losses, and distributions are allocated.
- What happens when a member joins, leaves, dies, or sells their interest.
What we prepare
- An operating agreement assembled from the terms you specify (single-member or multi-member).
- Companion documents — membership certificates and initial resolutions — on request.
What we do NOT do
Imverica is a registered California Legal Document Assistant — not a law firm. We assemble the agreement from the terms you choose, at your direction. We do not advise on what terms to pick, negotiate among members, give legal or tax advice, or opine on whether the terms protect you. For advice we maintain referrals to licensed attorneys.
Authority: California Corporations Code §17701.10 (operating agreements) and the default rules of the Revised Uniform LLC Act. Document preparation only — not legal advice.