Many Arizona LLCs have operating agreements that are incomplete, insufficient or altogether absent. To help them protect their interests, Stockton Banfield outlined what operating agreements should include in an article for In Business.
Stockton highlighted key issues affecting operations that partners should discuss and address. Formalizing aspects such as membership structure, management, investments and distributions can help avoid conflict later. He also recommends businesses seek legal advice to prevent any financial or legal issues down the road.
A trusted advisor, Stockton assists small to mid-sized businesses through both challenges and opportunities. He is deeply knowledgeable about various stages of development, including entity formation, structuring, regulatory compliance and more , which is why industry organizations regularly call on him to share his expertise.