While most US states don’t require single-member LLCs to have an operating agreement in place, you may still draft one using this template to protect the owner from liability. The states that do require a single-member LLC operating agreement are California, Maine, Missouri, Delaware, and New York.
The party to this Agreement has signed this document to form a limited liability company under the act of the state of [Member.State].
The name of the Limited Liability Company is (enter name of company).
The company’s registered agent’s name shall be disclosed in its formation document.
This company plans to exist until dissolved for the reasons mentioned in this Agreement.
This company plans to continue business until
The member plans to dissolve.
The occurrence of an event that makes the business unlawful.
There are situations such as the death of the member or a case of bankruptcy.
The occurrence of any other event causing the company’s dissolution under the laws of the state of (enter state).
The initial office of the company shall be located at (enter street address), but may be relocated by the member at any time.
This business has a single purpose: to engage in all lawful activities covered by the limited liability company act. It should carry all the appropriate business to help meet the company's objectives.
The assets' title shall be held in the company’s name. The member has no direct ownership or rights to these assets. However, the member does have indirect rights over them because of their interest in this company.
The address and name of the only member of the company are:
This member shall cease to be the company’s member in the circumstances such as death, bankruptcy, and incompetency.
All the additional members shall only be permitted with the consent of the existing single member and other additional members.