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(Member Full Name) (collectively referred to in this agreement as the "Members"). If your LLC has two owners involved in the daytoday operations of the business, you must use the LLC MultiMember Operating Agreement.Do single-member LLCs need an operating agreement? Yes. An LLC Operating Agreement is a key legal document. It is an essential legal document that should be completed whether it is a singlemember or multimember limited liability company. Below is a sample of an operating agreement for a single-member LLC.