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Single Member Limited Liability Company LLC Operating Agreement - Arkansas 2026

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This document outlines the Operating Arrangement for a Single-Member Limited Liability Company (LLC) in Arkansas, established by an Initial Member. It details the formation, management, and operational guidelines of the LLC, including provisions for admitting additional members, handling contributions and distributions, voting rights, and procedures for member dissociation and dissolution of the LLC. The arrangement emphasizes compliance with state laws and establishes tax treatment as a sole proprietorship initially, transitioning to partnership taxation upon adding members.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the name of your LLC in the designated field at the top of the document. This is crucial as it identifies your business entity.
In Article I, provide details about the formation of your LLC, including the registered office and agent. Ensure accuracy as this information is vital for legal correspondence.
Move to Article II and specify the Initial Member's name. If you plan to add more members later, note that their admission requires your approval.
In Article IV, outline contributions and profit-sharing arrangements. Clearly state your initial contribution amount and how profits will be distributed among members.
Review Articles V through IX for voting rights, dissociation events, and dissolution procedures. Fill these sections according to your preferences and future plans for the LLC.
Finally, sign and date the document at the end. Ensure all fields are completed before saving or sharing your agreement.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can an LLC operate without an operating agreement?

Every LLC that is registered in the states of California, Delaware, Maine, Missouri, and New York is legally required to have an operating agreement.

Why does a single-member LLC need an operating agreement?

Having an operating agreement for a single-member LLC helps demonstrate the legal separation between the business and the owner, reinforcing the members personal limited liability protection in the event of a lawsuit against the company.

Should a single-member LLC get an EIN?

An LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below. Most new single-member LLCs classified as disregarded entities will need to obtain an EIN. An LLC applies for an EIN by filing Form SS-4, Application for Employer Identification Number.

Does a single-member LLC need bylaws?

Corporations and LLCs arent required to file their bylaws or operating agreements with the Secretary of State. Still, you should have them in place as soon as youve incorporated or formed your LLC, because these documents are often requested by: lenders, when youre trying to obtain financing.

Why should an LLC with only one member still have an operating agreement?

Even though a single-member LLC might seem straightforward, the benefits of having an operating agreement cannot be overstated. This essential document provides legal protection, helps maintain limited liability, and ensures that your business is operated ing to your preferences rather than default state rules.

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Can LLC have only one member?

Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit single-member LLCs, those having only one owner.

Does Arkansas require an LLC operating agreement?

No. Arkansass state statutes dont include any language to suggest an operating agreement is required for Arkansas LLCs.

How to create an operating agreement for a single-member LLC?

How to create an LLC operating agreement in 9 steps Decide between a template or an attorney. Include your business information. List your LLCs members. Choose a management structure. Outline ownership transfers and dissolution. Determine tax structure. Gather LLC members to sign the agreement. Distribute copies.