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Operating Agreement Template for Single-Member LLC
Operating Agreement Template for Single-Member LLC
When I started my single-member LLC, everyone said I didn’t "really" need an operating agreement. Big mistake. Even if you're a one-person show, a single-member LLC operating agreement protects you legally and professionally. Here's why it matters—and a free template you can use.
What Is a Single-Member LLC Operating Agreement?
It’s a legal document that outlines how your LLC will operate. Even if you’re the only owner, it proves to banks, courts, and the IRS that your business is a separate entity from you personally. (Very important if you ever get sued.)
Why You Need One (Even If You're Solo)
- ✔ Protects your limited liability status
- ✔ Shows professionalism to banks and partners
- ✔ Helps resolve future disputes (yes, even solo owners can have legal conflicts)
- ✔ Required by law in some states
What's Included in a Good Operating Agreement?
- ✔ LLC name and formation details
- ✔ Ownership and management structure
- ✔ Banking and finance procedures
- ✔ Steps for dissolving the LLC
Free Single-Member LLC Operating Agreement Template
Want a head start? I put together a real-world, lawyer-reviewed template you can download and customize. Just tweak the names, dates, and details—and you're good to go.
Pro Tip: Keep It Updated
If you ever change addresses, bank accounts, or business activities—update your operating agreement. It's a living document, not a "one and done." Staying current could save you serious headaches later.
Common Mistakes to Avoid
- ✔ Using a cookie-cutter form without tailoring it
- ✔ Forgetting to sign and date it
- ✔ Not keeping it accessible (store a digital and paper copy)
My Personal Experience
When my first solo venture ran into a tax audit, my signed operating agreement literally saved me from extra fees. It clearly showed I was running a real, separate business—not just freelancing under my personal name.
Protect Your Business Foundation
Starting strong means thinking legally. Grab your operating agreement and make your single-member LLC bulletproof for 2025 and beyond!
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