OPERATION AGREEMENT Definition

Bookmark and Share

OPERATION AGREEMENT, within an LLC, is similar to the constitution of a corporation. It is drafted primarily because an LLC only has a basic Articles of Organization that is very general in nature. An Operation Agreement has much more specificity as to the formation and operation of the LLC organization.

Learn new Accounting Terms

XU is a currency of Vietnam and South Vietnam.

VALUATION METHOD, within approaches, is a specific way to determine value.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.