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Single-member-llc-operating-agreement-template 2025

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The document is an LLC Operating Agreement for a single-member, member-managed limited liability company. It outlines the formation details, management structure, capital contributions, profit and loss distribution, and provisions for dissolution. The Member has sole authority over the Company's operations and is indemnified against liabilities incurred in their role. The agreement also includes clauses on record-keeping, amendments, and governing law.

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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 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.

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.

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.

How to write an operating agreement for a single member LLC?

What To Include in a Single-Member LLC Operating Agreement Name of LLC. Principal Place of Business. State of Organization/Formation. Registered Office and Registered Agent. Operating the LLC in Another State (Foreign LLC) Duration of LLC. Purpose of LLC. Powers of LLC.

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.

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.

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.

Single-member-llc-operating-agreement-template 2025

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Got questions?

Can LLC have only one member?

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

Does a single-member LLC need bylaws?

How to write an operating agreement for a single member LLC?

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

People also ask

Should a single-member LLC get an EIN?

Can an LLC operate without an operating agreement?

Related links

Try more PDF tools

Single-member-llc-operating-agreement-template 2025

Here's how it works

The best way to edit Single-member-llc-operating-agreement-template in PDF format online

Complete this form in 5 minutes or less

Got questions?

Can LLC have only one member?

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

Does a single-member LLC need bylaws?

How to write an operating agreement for a single member LLC?

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

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People also ask

Should a single-member LLC get an EIN?

Can an LLC operate without an operating agreement?

Related links

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