MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The Partnership Update Nobody Wants to Do Until They Have To

16 Jan 2026 · 1 min

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In this brief advisory segment, Mark Kohler addresses partners who lack proper written agreements or have inadequate documentation. He urges them to seize a low‑tension moment to sit down and update their LLC operating agreement, capturing all understood terms and anticipating possible future disruptions (e.g., a partner leaving or a major event three years out). He also reminds them to complete routine compliance tasks—annual minutes and Beneficial Ownership Information (BOI) reports—and offers his law firm’s “company cleanup” service, which can draft a new operating agreement and handle those filings affordably. The overall message is that formalizing agreements and staying current on filings is both doable and essential before problems arise.

Chapters

If you're in a partnership now and you know that there's nothing in writing or what you have in writing is terrible and there's been a lot of handshakes over the years, you can still do this. You can sit down and go, hey, we really need to update our operating agreement. Can we put in writing everything we understand to be the case and the truth and let's look at some possibilities of some disruption year from now or three years from now. What would we do? Let's put it in writing. And the time to do it is when emotions are low and there aren't storm clouds. So this is something that can be easily remedied. Get out and update your LLC operating agreement. As an aside, this is your time to do your annual minutes, your BOI report report. Get with our law firm. We can do it what we call a company cleanup, get you a new operating agreement. You can sit down and figure these things out. It can be really affordable too. Take the time.