A Member Managed Operating Agreement is a legal document establishing how the members of an LLC (Limited Liability Company) will manage and run the business. This agreement includes the structure for decision-making, voting, profit distribution, and dispute resolution processes. It ensures that each member’s role in the organization is clearly defined, and provides the framework for a successful collaboration between the members. By having an effective Member Managed Operating Agreement in place, businesses can ensure they have a clear path to success and avoid unanticipated disputes or misunderstandings.