Negotiate and compose an enforceable contract between the members of the limited liability company to define the hierarchy of the business, determine how it will handle financial matters, and prevent disputes that may occur since the organization is managed by several people at once - you can do it using a Washington Multi-Member LLC Operating Agreement . Whenever you have doubts about the correct course of action for your business or there is a need to conduct a vote, you can refer to the internal set of rules you have prepared upon the formation of the entity.
A Washington Multi-Member LLC Operating Agreement template can be found through the link below. Make sure you cover the following details in this document: the identification of the owners, the purpose and the mission statement of the company, the allocation of stock, and the temporary or permanent suspension of the business activities; moreover, this instrument should contain the steps to take whenever you want to amend the existing bylaws including the operating agreement in question.
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