Document background
The Operating Agreement For Corporation serves as the fundamental governance document for corporations operating under German law. It is essential when establishing a new corporation (Aktiengesellschaft) or updating the governance structure of an existing one. The document must comply with the German Stock Corporation Act (Aktiengesetz) and related legislation, incorporating mandatory provisions while allowing for company-specific arrangements within legal boundaries. It details the two-tier board structure unique to German corporate law (Management Board and Supervisory Board), shareholder rights, capital structure, and operational procedures. This agreement is particularly crucial for businesses seeking to establish a formal corporate presence in Germany or restructuring their existing German operations, as it provides the legal and operational framework necessary for corporate governance and stakeholder relationships.
