Menu

What Is a Single Member LLC Operating Agreement?

By IncNow | Published November 28, 2018

One person can form an LLC in Delaware. These LLCs are known as “single-member LLCs”. You can use a single-member LLC for everything from financing real estate transactions to solo consultant practices. Despite having only one member, it is still wise for single-member LLCs to have a written and executed Operating Agreement.

Below please find a sample single-member Delaware LLC Agreement. Members would sign and date the Agreement after filling-in the principal place of business (Article 1.5), capital contributions (Article 3.2), Voting and Non-Voting Units (Article 3.5), the name of the “Tax-Matters Member” (Article 6.3), Company Management and Officer names (Article 7.1), and company and member addresses (Article 11.1).

Master-LLC-Agreement-1-MBR-Website-Sample-edit
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

When deciding where to form your company, consider that Delaware has advantages over your home state that may benefit you. Go