Document background
The Operating Agreement for Incorporation serves as the foundational document for companies incorporating under English and Welsh law. It is essential when establishing a new business entity, particularly for companies with multiple shareholders or complex ownership structures. The agreement details how the company will be run, including management responsibilities, capital requirements, profit sharing, and dispute resolution mechanisms. This document ensures compliance with the Companies Act 2006 and provides clarity on governance matters, helping prevent future disagreements between stakeholders.
