How to Draft an Operating Agreement for a New California LLC with Unequal Member Contributions and Profit Splits
In California, you can draft an LLC operating agreement that allocates profits and losses unequally—even if members contribute different amounts—so long as the agreement is clear and consistent with California’s Revised Uniform Limited Liability Company Act (RULLCA). New LLC owners often discover that “equal split” default rules don’t fit real-world deals involving cash, services, or […]