Single-Member LLC Operating Agreement Free
When an individual, who is the only member of an LLC, decides to lay down rules and operating procedures of the company, he can use a Single-Member LLC Operating Agreement.
Template Overview
When an individual, who is the only member of an LLC, decides to lay down rules and operating procedures of the company, he can use a Single-Member LLC Operating Agreement. This document is also known as the Single-Member Limited Liability Company Operating Agreement.
A Single-Member LLC Operating Agreement is somewhat similar to the regular LLC Operating Agreement, although it is designed only for the sole owner of the company. In the document, the necessary details of identifying information, the rules for new members joining the company, and other will be covered.
Note that the document differs from the Articles of Organization paper, as in the latter, the member is providing the state filing information on the new company. Meanwhile, a Single-Member LLC Operating Agreement is not listed with the state and is just a document for the company's operation.
You fill out a form. The document is created before your eyes as you respond to the questions.
At the end, you receive it in Word and PDF formats. You can modify it and reuse it.
How to use this template
If an individual wants to form an LLC, the first document he should begin with is an Articles of Organization. Later on, it is possible to use a Single-Member LLC Operating Agreement to define practices and methods of business for the LLC. Note that it is not possible to use the document for a multi-member LLC and it is only used in cases where an LLC has just one member. If you want to draft an agreement with multiple members in it, you can use an LLC Operating Agreement (ideti linka)
The document generally covers everything to ensure a well-done and comprehensive material, governing the business and the LLC's life.
The person filing the document will have to enter the LLC's and their identifying information, and the practices of how the LLC will run.
A completed document should be printed and signed by the sole member.
Applicable law
Individual state laws govern Limited Liability Companies. No federal laws cover the requirements for a Single-Member LLC Operating agreement, as each individual state regulates the business formed within that state. Only a handful of states require an LLC Operating Agreement for registered LLCs: Delaware, California, Maine, Missouri, and New York. Of these, only New York requires a written agreement.
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