A Single-Member LLC Operating Agreement is a legal document that outlines the rights, responsibilities, and ownership details of a single-member limited liability company (LLC) in the state of Ohio. This agreement serves to establish the rules and guidelines that govern the LLC's operations, management structure, and decision-making process. It is signed by the sole member of the LLC and is crucial for maintaining the limited liability protection afforded to single-member LCS. Ohio offers several types of single-member LLC operating agreement templates, which vary based on the specific requirements and needs of the business. Some common types include: 1. Basic Ohio Single-Member LLC Operating Agreement Template: This template covers the essential elements needed to establish the LLC, including the member's basic information, capital contributions, and how profits and losses are allocated. 2. Management Structure Agreement Template: In this type of operating agreement, provisions are included to outline the management structure of the LLC. It specifies whether the LLC will be member-managed or manager-managed, detailing the responsibilities and authority of each. 3. Capital Contributions Agreement Template: This agreement template specifically focuses on the capital contributions made by the single member. It outlines the initial capital investment and subsequent contributions to the LLC, offering clarity on how the member's ownership interests are affected. 4. Dissolution Agreement Template: This type of operating agreement template covers the process and conditions under which the LLC may be dissolved. It includes provisions for distributing assets, settling debts, and winding up affairs upon dissolution. 5. Voting Agreement Template: This agreement template governs the decision-making process within the LLC. It outlines voting rights, procedures, and requirements for the single member on matters such as major business transactions or amendments to the operating agreement. Ohio single-member LLC operating agreement templates are easily customizable to suit the unique needs and preferences of the LLC and its single member. However, it is advisable to consult with an attorney or legal professional familiar with Ohio LLC laws to ensure compliance and accuracy in drafting the operating agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.