A LLC Founders Agreement is a binding document between the founders of an LLC (limited liability company) that sets forth the rights, responsibilities and expectations of each party. The agreement is legally enforceable and typically covers topics such as ownership shares, salaries, duties and responsibilities, profit sharing, IP ownership, and various exit strategies. It also lays out how key decisions will be made, resolving potential disputes among the founders, and numerous other important matters. By creating and signing a LLC Founders Agreement, the founders are setting a solid foundation for their business venture, which allows them to confidently move forward with their plans.