Limited Liability Company Operating Agreements

Since 1992, when Reid and Riege attorneys assisted in drafting Connecticut’s first limited liability company, we have been drafting limited liability company operating agreements for our closely held and family-owned businesses.  Today, most new businesses in Connecticut are formed as limited liability companies (LLCs). The operating agreement governs the operation of LLCs and the relationship among the LLC, its members and managers.  We prepare these agreements and related documentation to: provide flexibility in the operation of the LLCs business affairs; help meet the parties’ economic goals; provide for varied classes of ownership interests; and comply with the complex requirements governing taxation of LLCs. We have prepared operating agreements to address a wide range of situations including: providing for the ownership and transition of a large family farm; addressing the governance issues for a newly formed LLC created by a buyout group to acquire a large distribution business; and creating a joint venture between a Chinese company and a subsidiary of one of our domestic clients.

For additional information, contact Robert M. Mulé (860) 240-1010, lawtalk@reidandriege.com, Mark X. Ryan (860) 240-1056, mryan@reidandriege.com, Scott A. Junkin (203) 401-6142, sjunkin@reidandriege.com, or Michael L. Coyle (860) 240-1091, mcoyle@reidandriege.com.