Well, to start with, it is one of the most important documents associated with your business yet in so many instances it is the least considered. In fact, a frightening amount of small business owners merely downloaded a generic form and signed it when starting their business with little knowledge as to what was in the document.
The Operating Agreement for your business dictates not only who owns your business but how exactly it should run. Bad Operating Agreements can cost business owners thousands of dollars and is a contributing factor for difficulty in qualifying for business loans or, more recently PPP funding.
It’s vitally important to learn why you need to have a specific, detailed and most importantly, consistently updated Operating Agreement on hand at all times.
Since Operating Agreements are so important, L4SB has teamed up with the New Mexico Small Business Development Center to bring a free and informative workshop to small business owners.
Sign up today at: NM Small Business Development Center
Time: 12:00 PM – 1:00 PM (MST)
Registration Deadline: 3/1/21 12:00 PM (MST)
Fee: No Fee
Author: Kristy Donahue
Kristy is the Chief Marketing Officer (CMO) for Slingshot, the parent company of Law 4 Small Business (L4SB). She is an MBA with an undergrad in Psychology. Formerly a Sr. VP with Bank of Albuquerque, Kristy now leads the marketing efforts of 6 legal brands for the Slingshot group of companies.