The basis, however, remains the same. When members choose to register their business as an LLC, they prepare a document that lists the rules and regulations governing the management of the business. This LLC enterprise agreement is a snapshot of the company in its early stages. Due to the growth of the company, the company agreement needs to be revised to reflect the new image of the company. A limited liability company (LLC) agreement is a binding agreement that governs its structure and operation. The company agreement is usually prepared when the LLC first forms and can be amended. It is also important to remember that amending the agreement is not a one-off task. .