'paperwork 2' found at https://flic.kr/p/5ccdaS by isaacbowen (https://flickr.com/people/isaacbowen) used under Creative Commons Attribution-ShareAlike License (http://creativecommons.org/licenses/by-sa/2.0/)
'paperwork 2' found at https://flic.kr/p/5ccdaS by isaacbowen (https://flickr.com/people/isaacbowen) used under Creative Commons Attribution-ShareAlike License (http://creativecommons.org/licenses/by-sa/2.0/)
'paperwork 2' found at https://flic.kr/p/5ccdaS by isaacbowen (https://flickr.com/people/isaacbowen) used under Creative Commons Attribution-ShareAlike License (http://creativecommons.org/licenses/by-sa/2.0/)

LLC Operating Agreements and Business Divorces

An operating agreement (and other types of agreements between business partners, including shareholder agreements, partnership agreements and joint venture agreements) should govern how the business is to work. In particular, what are the agreements among the partners? What role will each partner have in the work, in the management, in the finances? Will any partner receive a salary? How much? Are partners entitled to a job? What fiduciary duties does each owe to the business? How will...