Question

single-member LLC operating agreement template

Answer 1

Creating an operating agreement for a single-member LLC is an important step in establishing the structure and management of your business. Below is a basic template you can use to draft an operating agreement for a single-member Limited Liability Company (LLC). You may want to customize it to fit your specific needs and consult with a legal professional to ensure it complies with your local laws.

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### SINGLE-MEMBER LLC OPERATING AGREEMENT

**This Operating Agreement ("Agreement") is made as of [Date] by and between:**

**[Your Name]**, the Sole Member of **[Your Company Name, LLC]**, a limited liability company organized under the laws of the State of [State] ("Company").

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### Article I: Formation

1. **Formation**
The Member has formed a Limited Liability Company (the "Company") pursuant to the laws of the State of [State]. The Member hereby adopts this Operating Agreement for the purpose of governing the Company's business operations.

2. **Name**
The name of the Company is **[Your Company Name, LLC]**.

3. **Principal Office**
The principal office of the Company shall be located at [Business Address].

4. **Registered Agent**
The registered agent for the service of process in the State of [State] is [Registered Agent Name and Address].

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### Article II: Purpose

The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be organized under the laws of the State of [State] and to conduct any other lawful business as determined by the Member.

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### Article III: Member

1. **Sole Member**
The sole member of the Company is [Your Name] (the "Member").

2. **Ownership Interest**
The Member owns 100% of the membership interests in the Company.

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### Article IV: Management

1. **Management**
The Company shall be managed by the Member. The Member has full authority to manage the business and affairs of the Company.

2. **Powers of the Member**
The Member may take any and all actions on behalf of the Company, including but not limited to:
- Holding and managing Company funds
- Entering into contracts
- Opening and maintaining bank accounts
- Hiring employees
- Making distributions to the Member

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### Article V: Financial Matters

1. **Fiscal Year**
The fiscal year of the Company shall be the calendar year ending December 31.

2. **Bank Accounts**
The Company shall maintain its bank accounts in its name and shall not commingle funds with the Member's personal accounts.

3. **Distributions**
Distributions of cash or other assets may be made to the Member at the discretion of the Member.

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### Article VI: Indemnification

The Company shall indemnify the Member to the fullest extent permitted by law against any and all expenses and liabilities incurred in connection with the Company's business, provided that such indemnification shall not apply to matters arising from the Member's gross negligence or willful misconduct.

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### Article VII: Amendments

This Agreement may be amended only by a written agreement signed by the Member.

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### Article VIII: Miscellaneous

1. **Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].

2. **Severability**
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable.

**IN WITNESS WHEREOF, the Member has executed this Operating Agreement as of the date first above written.**

_____________________________
[Your Name], Sole Member
[Your Company Name, LLC]

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### Notes:
- Customize the template by inserting specific information where placeholders (e.g., [Your Name], [Your Company Name], [State], [Business Address]) are indicated.
- Depending on your state or personal circumstances, there may be additional clauses or considerations to include in your agreement. Always consult a qualified attorney for legal advice tailored to your specific situation.