Get Single Member Llc Operating Agreement Illinois - Leaplaw

Creating a Single Member LLC Operating Agreement is essential for establishing your limited liability company in Illinois. This guide will provide you with clear and supportive instructions on how to fill out the necessary agreement effectively and confidently.

Follow the steps to complete the form accurately and efficiently.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
2. Begin with Section 1, 'Certain Definitions.' Here, you will find key terms associated with your agreement. Take time to review definitions to ensure you understand their meanings.
3. Move to Section 2, 'Organization.' Fill in the name of your LLC where it states [NAME OF LLC]. Next, provide a brief description of the purpose of your LLC in the appropriate field.
4. In section 2.3, provide the business address and name of the resident agent. Ensure this information is accurate, as it is crucial for official correspondence.
5. For Section 2.4, choose one option that describes the term of your LLC. This could be a specified duration or perpetual existence; ensure you select the appropriate choice.
6. In Section 3, 'Accounts and Records,' detail how records will be maintained. Ensure you provide a current list of members and keep relevant financial documents as required.
7. Fill in Section 4 with your name and business address as the sole member. This confirms your identity within the agreement.
8. Proceed to Section 5 to understand the powers of the LLC. Revisit this section if necessary to clarify what your Company is authorized to do.
9. Section 6 addresses management. Specify whether you will manage the LLC yourself or appoint another person, conforming to the options provided.
10. Continue to sections dealing with liability, dissolution, and contributions. Provide any required financial or policy details accurately.
11. Once all sections are completed, review the document thoroughly to ensure all fields are filled correctly. Save your changes, download the completed document, or print and share it as needed.

Complete your LLC Operating Agreement online today to establish your business with confidence.