Operating Agreement Template For Single Member Llc

Disclaimer

The following document is provided solely as a general example of a formal business agreement for a single-member limited liability company. It does not replace professional legal advice and should not be relied upon as a substitute for consulting with a qualified attorney experienced in small business and corporate law. Local laws and regulations may differ, requiring modifications to ensure compliance with applicable jurisdictional requirements. The use of this template is at the user’s own risk, and we disclaim any liability for errors, omissions, or consequences resulting from its use without proper legal review.

Please note that this is a sample Operating Agreement for a Single Member LLC. Actual details may vary depending on specific circumstances and legal requirements. Customize accordingly.

Operating Agreement for Single Member LLC (Sample Template)

Parties Involved:

Member: Alice Johnson
Address: 789 Oak Street, Springfield, IL 62704

LLC Information:

Name of LLC: Springfield Innovations LLC
Principal Office Address: 789 Oak Street, Springfield, IL 62704

Purpose of the LLC:

The purpose of the LLC is to engage in technology consulting and related services, and to conduct any other lawful business activities as deemed appropriate by the Member.

Membership and Management:

This LLC has a single member: Alice Johnson, who shall manage the LLC’s affairs directly. No additional members are included at this time.

Initial Capital Contribution:

The Member has contributed $5,000 as initial capital to fund the operations of the LLC.

Member’s Rights and Responsibilities:

The Member shall have full control over the LLC’s activities, decisions, and management. The Member agrees to operate the LLC in accordance with applicable laws and this agreement.

Profits, Losses, and Distributions:

All profits and losses shall be allocated solely to the Member. Distributions of profits shall be made at the Member’s discretion.

Dissolution:

The LLC may be dissolved upon the Member’s decision or as required by law. Upon dissolution, assets shall be distributed in accordance with applicable laws after settling liabilities.

Additional Provisions:

• The Member may amend this agreement in writing at any time.
• Any disputes arising shall be resolved in accordance with Illinois law.
• The LLC shall maintain accurate financial records and minutes of meetings.

Springfield, ______________________