Document background
The Member Managed Operating Agreement serves as the primary governing document for businesses where owners (members) directly manage operations rather than appointing external managers. This document is essential for companies registered in England and Wales seeking to establish clear operational guidelines and protect member interests. It typically includes provisions for decision-making processes, capital contributions, profit distribution, member duties, and dispute resolution mechanisms. The agreement ensures compliance with UK company law while providing flexibility to accommodate specific business needs and member relationships.
