This form provides everything you need to establish the internal rules of your single-member limited liability company. The form comes with plain-English instructions for completing the agreement, and outlines details such as:
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.
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). If you purchase our Online LLC Application, we'll file your articles of incorporation for you so that your LLC is legally recognized the day they're filed.