Drafting an operating agreement, though not legally required in the state, comes highly recommended as it can greatly fortify the structure of your business’s internal affairs. This document outlines a number of provisions which will effectively relay the rules and regulations under which the managing members will be required to operate. Since many details are left undocumented during the initial stages of formation, the use of an agreement as a binding contract between the management and the entity will prove useful for a plethora of reasons. A free agreement template has been provided below, available for download in MS Word and Adobe PDF formats.
Free Utah LLC Operating Agreement Template | PDF | Word
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