Operating Agreement - Valuation of Membership Wording

January 21, 2025
by a searcher in St. Louis, MO, USA
Going into business with 4 partners (me/spouse + 2 others). Currently, 3 of us have 20% ownership each, and the 4th has 40%. What are key items to include in the operating agreement and more specifically, how should the valuation of membership be structured/worded if one or multiple owners exit?
from University of Virginia in Holmes, NY 12531, USA