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Limited Liability Company (LLC)

eForm: LLC Operating Agreement for Single-Member LLC

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LLC Operating Agreement for Single-Member LLC

Pub. Date: Jan 2006
Edition: 2.0
ISBN: 1-4133-0308-0
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Forms for Starting & Running a Business
Legal Forms for Starting & Running a Small Business

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Summary

It is important to create an operating agreement to separate your LLC from you as an individual, even if you are the sole owner (“member”) of your limited liability company (LLC). Without the formality of an agreement, the LLC would look a lot like a sole proprietorship -- which does not limit your personal liability for business debts.

The operating agreement for an LLC is similar to the bylaws of a corporation.

Important to Know:

  • If your LLC has two or more members, don’t use this agreement. Instead, see Form Your Own Limited Liability Company or LLC Maker.
  • You’ll also need to prepare "articles of organization," a public document you file with the state (the exact name varies from state to state). You’ll also need to prepare articles of organization, a public document you file with the state (the exact name varies from state to state). Prepare your articles of organization easily using Nolo's Form Your Own Limited Liability Company or LLC Maker.

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