Mississippi LLC Operating Agreement
The Mississippi LLC Operating Agreement is the core document that is referred to when issues
concerning a Mississippi limited liability company (“LLC”) need to be resolved.
The LLC
Operating Agreement is the most important document for your Mississippi LLC.
In the case of a single member LLC, without the formality
of an LLC Operating Agreement, the LLC can closely resemble
a sole proprietorship, which does not limit your personal
liability for business debts of the LLC.
With respect to a multi-member LLC, the LLC Operating Agreement reflects the agreement among the members with
respect to the affairs and management of the LLC and governs
the relationship amongst the members of the LLC. By having
an LLC Operating Agreement, the members will be provided
with a clear set of rules that all members have agreed upon
greatly reducing the likelihood of disagreement between
them in the future. A LLC Operating Agreement will also
greatly reduce financial and management misunderstandings,
and make sure your business is governed by your own rules
-- not default rules created by the state of Michigan.
Need a LLC Operating Agreement for your Mississippi LLC?
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Whether your LLC
will have one or more members, will be managed by its members
or by elected managers, or will be granting one or more
members an interest in the LLC for the performance of services,
myLLCagreement.com will generate a customized LLC operating
agreement tailored to the needs of your business.
If you don’t want
to spend thousands of dollars on a lawyer and don’t trust
outdated internet forms, then let myLLCagreement.com help
you create a customized LLC operating agreement for your
Mississippi LLC.
The LLC operating
agreement does not have to be filed with any state agency.
All states, including the state of Mississippi will enforce
valid operating agreements entered into among LLC members.
The operating agreement will only be enforced against the
persons who are parties to the agreement. Therefore, it
is extremely important that all members of an LLC sign the
operating agreement.
Your Mississippi
Limited Liability Company
LLC Filing Office
Mississippi
Secretary of State
Corporate Division
P.O Box 136
Jackson, MS 39205-0136
Tel: 601-359-1633
www.sos.state.ms.us
Check Name Availability
Entity or Franchise Level Tax
Mississippi
does not require partnerships, LLCs taxable as partnerships,
or disregarded single-member LLCs to pay a general net worth
tax or a tax based on net income.
State LLC Act
The
Mississippi LLC Act is contained in Title 79 of the Mississippi
Code, Chapter 29
The Mississippi
LLC Act
Important Statutory
Rules
LLC Management
An
LLC is managed by its members unless the Operating Agreement
states that the LLC is to be managed by one or more managers.
Admission of Members
Unless
otherwise provided in the Operating Agreement, new interests
in the LLC must be issues with the written consent of all
LLC members. Admission of a transferee member must be approved
by unanimous written consent of the non-transferring members,
unless otherwise specified in the Operating Agreement.
Amending the Operating Agreement
Unless
otherwise provided in the Operating Agreement, amendments
to the Operating Agreement must be by the approval of all
members.
Dissolution
Unless
otherwise specified in the Operating Agreement, approval
of all members is required to voluntarily dissolve the LLC.
GET A CUSTOMIZED MISSISSIPPI
LLC OPERATING AGREEMENT IN MINUTES
