The organizers of newly registered limited liability companies are well advised to draft an operating agreement to properly organize their company’s internal affairs. This agreement binds the members of the company to a certain set of rules and regulations and can be used as proof of organization in the eyes of financial institutions, competing business entities and the state government. Although not legally required by law in the state of Mississippi, it will often serve as the single most important legal document in regards to the management of the entity. Take the time to review the templates we’ve provided below, free of charge, in both MS Word and PDF format to gain a better understanding of what would go into a standard operating agreement.