Example ContractsPremium TemplatesLLC Operating Agreement (Single Member)

LLC Operating Agreement (Single Member)

Contract--Business--Operating Agreement

Short operating agreement for an LLC with a single member.

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This simple LLC Operating Agreement (Single Member) template is ideal for lawyers assisting clients in establishing and managing a single-member limited liability company. It provides a clear legal framework covering key operational and governance aspects of the business. Topics addressed include:

  1. Formation & Office Details: Establishment of the LLC, designation of the principal office, and registered agent information.
  2. Membership Structure: Sole member ownership and rights.
  3. Business Purpose: Definition of the company's lawful activities.
  4. Term and Duration: Perpetual existence and conditions for dissolution.
  5. Management Authority: Comprehensive management powers vested in the sole member, including financial, operational, and legal decision-making.
  6. Capital Contributions: Initial and additional contributions documentation.
  7. Profit Distributions: Flexibility in distributing profits based on the company’s financial health.
  8. Books and Records: Maintenance of complete and accurate company records.
  9. Liability & Indemnification: Member liability protection and indemnity provisions.

This is not legal advice, and is not intended for use by consumers. This template is offered to licensed AllDrafts users as a resource for lawyers who are responsible for adapting this draft to their client's specific needs and circumstances and ensuring compliance with applicable laws.

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