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).

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