An Operating Agreement Member Managed (OAMM) is a legally binding agreement between the members and managers of a business. It outlines each member’s roles and responsibilities, as well as the structure and operations of the business. The key benefit of an OAMM is that it allows the members to have complete control over the management of their business, without having to involve outside parties. Additionally, it helps to ensure that the members are in compliance with state and federal laws and regulations, ensuring a smoothly-run operation. In short, an OAMM is the essential document needed for any successful business venture!