Areas of Practice
Operating Agreements
Operating Agreements
An operating or partnership agreement is a crucial document that outlines the ownership and management structure of a limited liability company(LLC) or limited partnership(LP). An attorney can play a vital role in creating an effective operating/partnership agreement that protects the interests of all LLC or LP members and ensures compliance with state laws.
- The attorneys at Bukowski Law Firm can help LLC members and/or LP partners understand their legal rights and obligations under Texas law. We will explain the different types of entities available, such as single-member LLCs and multi-member LLCs, and advise on the best structure for the company. Additionally, we will provide guidance on issues such as tax implications and liability protection.
- We can draft an operating agreement that clearly outlines the roles and responsibilities of each member, as well as their voting rights and profit distribution. We will also include provisions for dispute resolution and dissolution of the company. A well-drafted operating agreement can prevent misunderstandings and conflicts among members and ensure the smooth operation of the entity.
- We can review and revise an existing operating agreement to ensure compliance with current Texas laws and regulations. We will also update the agreement to reflect changes in the company’s ownership or management structure.
If you require legal assistance, don’t navigate these complex waters alone. Our team of experienced attorneys is here to guide you every step of the way and ensure that your legal needs are met with the utmost care and professionalism. Contact us today to schedule a consultation and see how we can help you achieve your goals.