The California multi-member limited liability company operating agreement is made between all the company members and should be signed to show their willingness to adhere to its content. Here, the California LLC’s membership roster, description, and a reasonable report on its policies will be documented for the members to follow.
This benefit, coupled with the fact that banks and other financial institutes will require such a document to open and maintain an account, makes this contract a must-have for any well-organized LLC in the State of California. It should be mentioned that while California requires that either a verbal or written operating agreement be executed, a written agreement would be considered a much easier and more powerful document to issue since it would bear a physical signature from each member.
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