Are you looking for free Operating Agreement template for your Vermont LLC? If yes, then you have come to the right place. On this page, you can find an expert drafted agreement which can use and modify as per your business requirements.
Before you go ahead with the download, here are a few points you should know about this agreement:
Why every Vermont LLC must draft an Operating Agreement
As per Vermont LLC laws (11 V.S.A. § 3003), it is not required for LLCs to execute an operating agreement but it’s self-defeating not to do so. An operating agreement is a very crucial document for an LLC. It safeguards the membership interest and mitigates any possible disputes between members.
Without the agreement, the LLC is governed by default LLC laws of the state. The default laws are very generic and may not be in the best interest of the firm. It’s always best to control the way you want to operating your business and not leave it hanging on the default statutes.
The document outlines how the whole business would be governed and this document is relied upon in case of any legal dispute. It specifically mentions the roles and responsibility of each member, members rights, ownership percentage and how profit/loss distribution will be done.
A well-drafted agreement can address most of the common issues which any LLC would face. All in all, this is one of the must-have agreement for your LLC and you should get one immediately.
Below we’ve shared a sample operating agreement for LLCs in Vermont. You can download and edit as per your business rrequirement
Download Vermont LLC Operating Agreement (PDF/DOC)
Based on the type of your LLC, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 04/01/2019