Attorney-Approved Single-Member Operating Agreement Template Get Your Single-Member Operating Agreement Now

Attorney-Approved Single-Member Operating Agreement Template

A Single-Member Operating Agreement is a legal document that outlines the management structure and operational guidelines for a limited liability company (LLC) with one owner. This agreement serves to clarify the owner's rights and responsibilities, ensuring that the business operates smoothly and in compliance with state laws. It also provides essential protection for the owner's personal assets by reinforcing the LLC's separate legal status.

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Fill out Common Types of Single-Member Operating Agreement Templates

Simple Operating Agreement for Two Member Llc - Members can outline specific responsibilities tied to operational duties and management tasks.

The Florida Operating Agreement form is a crucial document for limited liability companies (LLCs) in the state of Florida. This form outlines the management structure, rights, and responsibilities of its members, ensuring clarity and organization within the business. By detailing how the LLC will operate, the form helps avoid potential disputes and provides a roadmap for the future. For those seeking to access the form, they can find it at Florida PDF Forms.

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Example - Single-Member Operating Agreement Form

Single-Member Operating Agreement

This Single-Member Operating Agreement (the "Agreement") is created in accordance with the laws of the State of [State Name]. This Agreement outlines the operational guidelines for "[Company Name]", a single-member limited liability company (the "Company").

Article I: Formation

The Member, as defined below, hereby forms a limited liability company under the laws of the State of [State Name].

Article II: Member

The sole member of the Company is:

  • Name: [Member Name]
  • Address: [Member Address]

Article III: Purpose

The purpose of the Company is to engage in any lawful business activities allowed in the State of [State Name].

Article IV: Management

The Member shall have full authority to manage the Company and make all decisions regarding its operations. There are no other members or managers involved.

Article V: Capital Contributions

The Member has contributed the following capital to the Company:

  • Amount: [Capital Amount]
  • Description: [Description of Capital Contributions]

Article VI: Distributions

Distributions of profits shall be made to the Member at such times and in such amounts as the Member may determine.

Article VII: Indemnification

The Company shall indemnify the Member against any and all expenses and liabilities incurred in connection with the Company, to the fullest extent allowed by law.

Article VIII: Amendments

This Agreement may be amended only in writing and signed by the Member.

Article IX: Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State Name].

IN WITNESS WHEREOF

The undersigned, intending to be legally bound, has executed this Operating Agreement as of the [Date]:

  • ____________________________________
  • [Member Name], Member

Documents used along the form

The Single-Member Operating Agreement is an essential document for individuals who own a single-member limited liability company (LLC). This agreement outlines the management structure and operational guidelines for the LLC. In addition to this agreement, several other forms and documents may be utilized to ensure proper governance and compliance with state laws. The following is a list of related documents commonly used alongside the Single-Member Operating Agreement.

  • Articles of Organization: This document is filed with the state to officially create the LLC. It includes basic information such as the company name, address, and the name of the registered agent.
  • Employer Identification Number (EIN) Application: This form is submitted to the Internal Revenue Service (IRS) to obtain an EIN, which is necessary for tax purposes and opening a business bank account.
  • Initial Resolutions: These are formal documents that record the initial decisions made by the single member regarding the LLC's formation, management, and other key operational aspects.
  • Membership Certificate: This certificate serves as proof of ownership for the single member of the LLC. It may outline the member's rights and responsibilities within the company.
  • Bylaws: Although not always required, bylaws can provide additional governance rules for the LLC. They may cover topics such as meetings, voting procedures, and member duties.
  • Business License Application: Depending on the nature of the business, a specific license may be required to operate legally within a particular jurisdiction.
  • Operating Procedures Manual: This document details the day-to-day operations of the LLC, including policies and procedures that guide business activities.
  • Operating Agreement: For those creating a solid business foundation, our detailed operating agreement specifications are essential for ensuring clarity and compliance in your LLC's operations.
  • Annual Report: Many states require LLCs to file an annual report that updates the state on the company's status, including any changes to its structure or operations.

These documents collectively support the establishment and ongoing management of a single-member LLC. Each plays a distinct role in ensuring that the business operates in compliance with legal requirements and maintains clear operational guidelines.