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Preview - Single-Member Operating Agreement Form
Single-Member Operating Agreement
This Single-Member Operating Agreement ("Agreement") is entered into as of [DATE] by and between [YOUR NAME] ("Member"), residing at [YOUR ADDRESS]. This Agreement is created in accordance with the laws of the State of [STATE NAME].
Article I: Formation
The Member hereby forms a limited liability company ("Company") under the laws of the State of [STATE NAME] as of the date of this Agreement. The name of the Company shall be [COMPANY NAME].
Article II: Purpose
The purpose of this Company is to engage in any lawful activity permitted under the laws of the State of [STATE NAME].
Article III: Principal Place of Business
The principal place of business for the Company shall be [ADDRESS].
Article IV: Duration
The Company shall continue until dissolved according to the provisions set forth in this Agreement.
Article V: Member Contributions
- The Member shall make an initial capital contribution of [AMOUNT] to the Company.
- The Member may make additional contributions at their discretion.
Article VI: Management
The Member shall have complete authority to manage and control the Company. All decisions regarding the Company shall be made by the Member.
Article VII: Distributions
Distributions of profits and losses shall be made to the Member as follows:
- Profits shall be distributed to the Member at the end of each fiscal year.
- Losses shall be allocated to the Member as incurred.
Article VIII: Indemnification
The Company shall indemnify the Member against any losses, damages, or liabilities incurred in connection with the Company's business, to the fullest extent allowed by the laws of the State of [STATE NAME].
Article IX: Amendments
This Agreement may be amended only by a written document signed by the Member.
Article X: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [STATE NAME].
IN WITNESS WHEREOF
The Member has executed this Single-Member Operating Agreement as of the date first above written.
_____________________________
[YOUR NAME], Member
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