10 Essential Operating Agreement Templates for Single-Member LLCs

10 Essential Operating Agreement Templates for Single-Member LLCs

As a single-member LLC, you're responsible for making important decisions about your business. But what happens when you're not available to make those decisions? That's where an operating agreement comes in. An operating agreement is a legal document that outlines the rules and procedures for your LLC, including how decisions will be made and what happens in the event of your death or disability.

In this article, we'll explore the importance of an operating agreement for single-member LLCs and provide 10 essential templates to help you get started.

1. Template 1: Basic Operating Agreement

   This template provides a basic outline for your operating agreement, including sections on ownership, management, and decision-making.

2. Template 2: Advanced Operating Agreement

   This template is designed for more complex LLCs and includes sections on capital contributions, voting rights, and dispute resolution.

3. Template 3: Succession Planning

   This template helps you plan for the future of your LLC, including what happens if you become disabled or die.

4. Template 4: Buy-Sell Agreement

   This template outlines the terms of a buy-sell agreement, which is a contract that governs the sale of your LLC in the event of your death or disability.

5. Template 5: Dispute Resolution

   This template provides a framework for resolving disputes between you and other parties involved in your LLC.

6. Template 6: Capital Contributions

   This template outlines the terms of capital contributions, including how much you'll contribute and when.

7. Template 7: Voting Rights

   This template outlines the voting rights of each member of your LLC, including how decisions will be made.

8. Template 8: Management

   This template outlines the management structure of your LLC, including who will make decisions and how.

9. Template 9: Dispute Resolution

   This template provides a framework for resolving disputes between you and other parties involved in your LLC.

10. Template 10: Amendment

    This template outlines the process for amending your operating agreement, including how changes will be made and what notice will be provided.

Remember, it's essential to customize your operating agreement to fit your specific business needs. These templates are designed to provide a starting point, but you should consult with an attorney to ensure that your agreement is legally binding and enforceable.