A Maine Multi-Member LLC Operating Agreement refers to a legal instrument used by entities owned by two and more individuals to determine the main aspects of the company management. It is obligatory to draft this document if your business operates on the territory of Maine - besides, a list of regulations that tell the members of the board how the business is supposed to resolve issues and deal with internal conflicts will be useful and will let you spend less time handling disagreements and focus on the development of the organization instead.
You can find a Maine Multi-Member LLC Operating Agreement template via the link below.
It is up to you to decide what to include in this document but usually, it contains the following elements: the identification of the board members and their rights and obligations, the mission statement of the company and the list of products or services it is going to sell or render, the allocation of shares and revenue, and various organizational matters like the voting process and addition of new members to the board.
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