Document background
The Manager Managed Operating Agreement is essential for businesses operating in Switzerland that opt for a professional management structure separate from general membership. This document is particularly useful for medium to large enterprises, companies with passive investors, or organizations requiring specialized management expertise. The agreement, compliant with Swiss federal laws including the Code of Obligations, establishes the framework for corporate governance, outlines management authority and limitations, defines member rights and obligations, and sets forth capital requirements and distribution procedures. It's typically used when founding a new company or converting an existing one to a manager-managed structure, providing clarity on roles, responsibilities, and decision-making processes while ensuring compliance with Swiss regulatory requirements.
