This free LLC operating agreement was designed as a general template that can work in any state. (We also offer state-specific operating agreements below.) It can be single-member or multi-member. We’ve written it to where you should be able to fill it out in less than 5 minutes and...
Single-member Operating Agreement by StateA 5-Step Guide to Forming a Single-Member LLCThe Single-Member LLC Operating Agreement: Writing Tips Generally, a single-member operating agreement is a legal agreement for an LLC with only one (1) member/owner. This form is to be used to help ...
No single member LLC operating agreement is going to save you if you use your LLC bank account to pay for personal items like entertainment, food, personal vacations, etc. If you use your LLC bank account as your personal piggy bank, you will lose your liability protection—even if you pay...
Setting up an LLC cannot be done without a proper LLC operating agreement. Use our free template or try our custom document builder for your needs.
Single Member LLC Operating Agreement Template Prepared by: [Member.FirstName][Member.LastName] [Member.Company] While most US states don’t require single-member LLCs to have an operating agreement in place, you may still draft one using this template to protect the owner from...
Member Changes- Provisions for adding or removing members, as well as handling the departure of a member. Dissolution- Guidelines on how the company may be dissolved, should the situation arise. Related Documents for Drafting an Operating Agreement ...
If the business is sued, the owner’s assets may be safeguarded by this agreement. Use Basic Single Member LLC Operating Agreement For sole ownership of an LLC in Massachusetts, leverage this specialized template tailored to meet the unique requirements of single-member businesses. Multi Member...
Does a Single Member LLC Need an Operating Agreement? A handful of states require all LLC's to have an operating agreement, even if they have only one member. These include New York, Missouri, and California. In the other states, it is not required, but it is strongly encouraged, since...
An LLC operating agreement is a legal document that outlines the governing structure of an LLC and protects its members from personal liability.
A single-member LLC operating agreement will look different from a multi-member LLC operating agreement and the main goal is to make sure your document meets your needs. Don’t be afraid to make changes or additions as you see fit. It’s also a good idea to run all legal con...