Whether you set up a single or multi-person LLC, your enterprise agreement should address all of the following topics. Some of these provisions will not have much influence on the actual operations of a single-headed LLC, but they remain important for reasons of legal formalities. It`s recommended by the state. In accordance with the Oklahoma Statutes Section 18-2012.2, all members of Oklahoma LLC can enter into an enterprise agreement to settle the company`s internal affairs. While it is a good idea to establish a business agreement before submitting your articles from the organization, the state does not prevent llCs from waiting for the educational process to be completed. It should be noted that some banks require you to submit an operating contract to open a commercial bank account. If you have already created your LLC, but have not yet established your enterprise agreement, you understand that this paperwork is an agreement between owners – or in this case, “members.” It should include how the LLC is managed, how to pay taxes, how profits are distributed, etc. We have partnered with a business lawyer to develop free business agreement models and a customizable enterprise agreement tool. Just sign up for a free business center account to get started. Any owner of Oklahoma LLC should have a business agreement to protect the operation of their business. Although the state is not legally required by law, clear rules and expectations are established for your LLC, while consolidating your credibility as a corporation. THE LLC Enterprise Agreement is a document used to set guidelines and to establish relationships between members (i.e.
capital contributions, expected obligations/responsibilities, rights). If you decide to implement this document, make sure each member agrees to the provisions before signing it officially. Yes, yes. While you do not submit this document to the state, an enterprise agreement is the best way to keep control of your Oklahoma LLC for change or chaos.