At
Omni Law, P.C., our
Philadelphia operating agreement lawyers are well-versed in the intricacies of LLCs and corporations. We understand the pivotal role these documents play in outlining a business’s financial and functional decisions, including rules, regulations, and provisions.
The purpose of the operating agreement is to govern the business’s internal operations in a way that suits the specific needs of the business owners.
Our Philadelphia County business attorneys draft fully customizable operating agreements that clearly delineate the rights and powers of members and managers and provide clear rules for how a Pennsylvania LLC will operate and who will make critical business decisions. This tailored approach ensures that the operating agreement suits your business’s needs.
An operating agreement is a contract; its terms bind the LLC members once signed.
Without an operating agreement, an LLC is automatically subject to the default Pennsylvania laws of its formation. These laws may not align with the LLC’s needs, potentially leading to poor operational and governance structures that could hinder the company’s success. It’s crucial to have an operating agreement that reflects your business’s unique requirements.
Our Philadelphia operating agreement attorneys possess a wealth of knowledge and practical business insight that enables us to provide comprehensive guidance to LLCs, S corporations, and C corporations of all sizes. We offer personalized advice tailored to your specific needs, addressing legal issues and challenges that arise throughout your company’s lifecycle—beginning with outlining the essential operating agreements that are the cornerstone of success. 
What are the Essential Functions of a Pennsylvania Business Operating Agreement?
A Pennsylvania operating agreement is a legal document that establishes the rules and structure of an LLC and acts as a binding contract between its members.
An operating agreement is an internal document—meaning you don’t need to file it with the Pennsylvania Bureau of Corporations and Charitable Organizations—that is flexible and can be designed according to the members' wishes.
It establishes how an LLC will handle critical processes like voting, transfer of membership interest, allocation of profits and losses, mergers, and dissolution.
