Since an agreement is an important aspect of your business, these agreements should be kept in a safe place along with your other business documents. They must NOT be submitted to the state. Company agreements are considered internal documents. These documents should be kept confidential and should under no circumstances be published. The company agreement is a manual or roadmap on your LLC`s behavior with respect to the responsibilities of members and managers. Depending on the state in which it was created, you can legally have an LLC company agreement or not. Delaware does not need a company agreement. However, it is highly recommended to have an LLC enterprise agreement, even if you are only one LLC member. The State of Delaware recognizes company agreements and regulatory documents. In case of good design and execution, a business contract is similar to a marriage contract in a personal relationship. Its purpose is to help the parties to the transaction avoid possible disagreements and disputes, especially when some members wish to lead the company in another direction. The agreement will clearly set out the expectations and plans of all parties to address future issues. (c) with respect to the domestication of a business outside the United States (as defined in Section 18-212 of this Title) as a limited liability company in the State of Delaware, in accordance with the provisions of Section 18-212 of this Title, or the conversion of another enterprise (as defined in paragraphs 18 to 214 of this Title) into a national limited liability company, in accordance with Article 18-214 of that Title; a person as a member of the limited liability company in accordance with the company the limited liability contract is allowed.

Delaware Business Incorporators, Inc. offers a model LLC enterprise agreement that can be used to give you a head start in developing your LLC agreements. Always have your LLC company agreement verified by a competent attorney in Delaware. The original company agreement document must be kept securely with other company documents. Each member of the LLC must also receive a copy of the document…