Every business owner knows that there are a lot of moving parts to running a successful operation. From managing inventory and employee schedules to keeping up with customer demand, there’s always something to be done. But one of the most important things for any business owner is to have a clear operating agreement in place. This document outlines the roles and responsibilities of each business owner, as well as how profits and losses will be shared. Having an operating agreement in place can help avoid many potential problems down the road.