This is within the scope of what is reasonable and, in case of gross negligence, the member can nevertheless be held liable. Don`t want managers? If members manage your LLC, you can continue to use this form with minor changes – or better yet, check out our free LLC enterprise agreement for multiple members. The details of LLC enterprise agreements vary greatly depending on a number of factors, but generally include: although it is less common, you may also find it useful to include the following provisions in your company agreement. Find out why it`s important for your LLC to have a formal company agreement. Do you need a corporate agreement if you are creating a limited liability company (LLC)? As a quick reminder, company agreements are legal documents that ensure that the LLC is properly executed and protects the company`s personal liability. Most states do not require LLCs to have this document, so many LLCs choose not to design one. . . .