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Single-Member LLC Operating Agreement

Create an operating agreement for an LLC with one owner, covering management, capital, separateness, distributions, succession and dissolution.

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What this document does

An operating agreement for a limited liability company owned by one member, an individual or a business, covering the company's formation details and purpose, the member's capital contribution and full ownership, member or manager management, keeping the company separate from its owner, distributions, tax treatment, succession, admitting new members, dissolution, and indemnification.

What it covers

  • The Member and the Company
  • The Company
  • Sole Member and Capital
  • Management
  • Separateness, Books and Records
  • Distributions and Taxes
  • Succession, Transfers and New Members
  • Dissolution and Winding Up
  • Indemnification
  • Additional Terms
  • General Provisions

A template you fill in yourself from your own answers. LeaseCraft is not a law firm and does not give legal advice; for advice about your situation, talk to a lawyer.

How it works

1

Answer the questions

Plain-language questions about the people, dates and terms.

2

Preview it free

Read the document built from your answers and change anything before you download.

3

Download PDF and Word

Included with LeaseCraft Annual ($19.99/year).

Questions about the Single-Member LLC Operating Agreement

Requirements vary by state, and many owners adopt one even where it is not required. A written agreement records who owns and manages the company and how it operates, which banks, lenders and others often ask to see. LeaseCraft is not a law firm and cannot tell you whether your state requires one.

Yes. Choose management by the member, or name a manager to run the day-to-day business, with an optional dollar limit above which the manager needs the member's written approval.

No document can guarantee that. The agreement commits the company to practices that help keep it separate from its owner, such as its own bank account and records. Any protection from the company's debts depends on applicable law and on how the company is actually run.

This agreement is written for one owner. Adding a member requires a written amendment that replaces it with a multi-member operating agreement.

Create your Single-Member LLC Operating Agreement

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