If you choose to hire a registered agent, read our best registered agent services list to find the best fit for your needs.

 If you choose to hire a registered agent, read our best registered agent services list to find the best fit for your needs.

4. Create an operating agreement if you have partners

While not required in most states, we strongly recommend businesses create an operating agreement. This important document acts as a contract among your members and outlines the business’s important financial and operational aspects. 

Operating agreements are essential to protecting your personal assets in the event your business is sued or files for bankruptcy, overriding state default rules that may not be in the best interest of your business and clearly communicating business arrangements between partners to prevent member disputes. It is also often required by investors when opening a business bank account and for performing other key business tasks.

There are several resources available for creating an operating agreement. Companies like Rocket Lawyer and Northwest Registered Agent offer free templates to help you get started. Once you’ve drafted an operating agreement, consult with a business lawyer to ensure it meets your business’s unique needs before your members sign it.

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