The formation of an LLC is a common way for business owners to isolate themselves from the debts and liabilities of the business. The best way to maintain this isolation is to create an operating agreement that outlines the day-to-day operation of the business. The operating agreement establishes the purpose of the LLC, its location, its members, its resident agent, how it will be managed (member or manager managed), the roles of each member, funding and so on. If it’s a multi-person LLC, the operating agreement is less straightforward and requires more direction in decision-making, member disassociation, dissolution of the LLC, and so on. A one-on-one consultation with one of our attorneys will allow for an in-depth look at what additional information will be needed in completing this process.