Manager Managed Llc Operating Agreement Florida

As a business owner in Florida, you may want to consider forming a manager-managed LLC to protect your personal assets from liability. This type of LLC is managed by one or more managers, who are usually not the owners or members of the company.

To establish a manager-managed LLC in Florida, you will need to draft an operating agreement that outlines the roles and responsibilities of the managers and members. This agreement should also address issues such as profit sharing, voting rights, and the ability to sell or transfer ownership.

In Florida, the operating agreement is not required to be filed with the state, but it is a legally binding document that should be kept on file with your business records. This agreement can help prevent disputes and ensure that all parties are aware of their obligations and expectations.

When drafting your operating agreement, it is important to consult with a knowledgeable attorney to ensure that it complies with Florida law and meets the specific needs of your company. The agreement should also be reviewed and updated regularly to reflect changes in the business or laws.

Overall, a manager-managed LLC operating agreement can provide a solid foundation for your business and help ensure its long-term success. By taking the time to carefully craft this agreement, you can protect your personal assets and minimize the risk of legal disputes.