Governance Documents

Bylaws 

• Size of board and election procedures

• Initial Board Members

• When board meetings are held

• Voting procedure

• How to handle conflict

• How to create or end committees

• Officers / Employees

• How to change or amend bylaws

Operating Agreement

• Identity of the Members

• Each Member’s ownership share

• Member or Manager-managed company

• Voting rules for members

• Procedures for removal or admission of members

• Allocation of profits / losses