Single Member Operating Agreement Template

Disclaimer

The information provided here is intended solely as a general example for establishing a sole proprietorship agreement. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney experienced in business entity formation and operating agreements. Laws and regulations may vary depending on your jurisdiction, and adjustments may be necessary to ensure compliance. The use of this example is at the user’s own risk, and we accept no liability for any errors, omissions, or consequences resulting from its use without professional review.

Please note: This is a sample Single Member Operating Agreement template. Actual terms may vary based on specific circumstances and legal advice. Adjust details as needed.

Single Member Operating Agreement Sample

Parties:

Member: Alex Johnson
Address: 789 Business Rd, Suite 100, Cityville, State 12345

Company Details:

Name of LLC: Johnson Consulting LLC
State of Formation: State of Example

Purpose of the Company:

The purpose of the LLC is to provide consulting services in the field of business development, and to engage in any other lawful activities permitted by the laws of the state of formation.

Capital Contributions:

The Member has contributed the initial capital of $50,000 to the Company, which shall be recorded in the Company’s financial records.

Management:

The Member shall have full authority to manage and control the operations of the Company, including all decisions regarding its business and affairs.

Profits and Losses:

All profits and losses shall be allocated to the Member and reported on their personal tax returns in accordance with applicable laws.

Dissolution:

The Company may be dissolved voluntarily by the Member, or as otherwise required by law. Upon dissolution, assets will be distributed in accordance with applicable statutes.

Additional Provisions:

• This Agreement shall be governed by the laws of the State of Example.
• Any amendments must be made in writing and signed by the Member.
• Contact information and notices shall be sent to the address listed above.

Cityville, ______________________