Disclaimer
The content provided is intended solely as a general example for informational purposes related to internal governance agreements of a single-member limited liability company in the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in corporate or contract law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.
Please note: This is a sample Operating Agreement for a Single Member LLC in the United States, provided here for informational purposes. Actual agreements should be tailored to specific circumstances and legal requirements.
Operating Agreement for Single Member LLC (Sample Template)
Introduction:
This Operating Agreement (“Agreement”) is entered into by and between the sole member of the LLC, setting forth the terms and conditions governing the company’s operations and management.
LLC Name and Formation:
The name of the LLC is ______________________ (“Company”), formed in accordance with the laws of the State of ______________________, on the date of filing the Certificate of Formation.
Sole Member:
The sole member of the Company is ______________________, holding 100% ownership interest in the LLC.
Business Purpose:
The purpose of the LLC is to engage in any lawful business activity permitted by the laws of the State of ______________________.
Management and Operations:
The LLC shall be managed solely by the sole member, who shall have full authority to make decisions regarding the company’s affairs, finances, and business activities.
Capital Contributions:
The sole member has contributed the initial capital as specified herein: ______________________. Additional contributions shall be made as determined by the sole member.
Profits, Losses, and Distributions:
All profits and losses shall be allocated solely to the sole member. Distributions shall be made at the sole discretion of the member.
Dissolution:
The LLC may be dissolved by the sole member at any time, with subsequent procedures for winding up and asset distribution.
Governing Law:
This Agreement shall be governed by the laws of the State of ______________________. Any disputes shall be resolved within the jurisdiction of courts in that state.
Additional Provisions:
- The sole member shall keep accurate and complete books and records of the LLC’s operations.
- This Agreement may be amended only in writing signed by the sole member.
- The LLC may be voluntarily dissolved following applicable laws and procedures.
[City], ______________________
[Sole Member Name]