Operating Agreements & Business Contracts
Why Every Indiana LLC Needs an Operating Agreement
An operating agreement does more than outline ownership—it defines how your business runs. It determines decision-making authority, profit distribution, and what happens if a member leaves. Our attorneys help local Indiana LLC owners craft agreements that anticipate real-world scenarios, preventing confusion and conflict down the road.
Key Components of an Operating Agreement
We take time to explain what matters most in your operating agreement:
Ownership percentages and how capital is contributed
Management structure, whether member-managed or manager-managed
Profit allocation and voting procedures
Rules for adding or removing members
Each clause serves a purpose, and we ensure yours reflect your vision for the business.
Business Contracts That Strengthen Relationships
Contracts should do more than protect—they should clarify and enable growth. We draft and review partnership agreements, client contracts, vendor terms, NDAs, and non-competes that align with your company’s goals. For companies leasing retail or office space, our attorneys also review commercial leases to avoid costly surprises.
How We Support Your Business
We partner with companies throughout Northwest Indiana to ensure contracts evolve with the business. Whether you’re updating pricing structures, adding new members, or expanding locations, we’ll review and revise agreements to keep them current. Our approach is always collaborative—explaining options clearly so you understand every term before signing.
Common Questions About Operating Agreements & Contracts
What happens if my LLC has no operating agreement?
Without one, state default laws apply, which may not reflect your intentions or protect your interests.
Can I use a template for my operating agreement?
Online templates often miss key provisions. A tailored document ensures compliance and reduces risk.
How often should contracts be reviewed or updated?
At least once a year or whenever you add new services, partners, or employees.
What’s the difference between an LLC operating agreement and corporate bylaws?
They serve similar purposes but apply to different entity types—LLCs and corporations. We’ll help you choose what fits best.
