This Operating Agreement is for a Limited Liability Company with only one Member. This form may be perfect for an LLC started by one person. You make changes to fit your needs and add description of your business. Approximately 10 pages. It allows for eventual adding of new Members to LLC.
Limited Liability Company File With No Background
State:
Tennessee
Control #:
TN-00LLC-2
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Tennessee Single Member Limited Liability Company LLC Operating Agreement?
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FAQ
If you're looking to form an anonymous LLC, New Mexico is probably your best bet. It's the only state that lets you keep your name off the public record, which means you get a ton of privacy and protection for your assets. Plus, the filing fees in New Mexico are very reasonable, making it a popular choice.
If we compare the anonymous LLC states on filing and maintenance costs, then New Mexico is the winner with one of the lowest LLC filing fees of $50 and no annual report required. If a business-friendly environment is your top priority, then Delaware would be the best state for you.
Here's an example of what a general LLC purpose statement might look like: ?The purpose of this limited liability company is to engage in any lawful activity for which limited liability companies may be organized in this state.?
Information Needed for New Mexico Articles of Organization The street address of your LLC's registered office. The name of your LLC's registered agent. A statement that a manager will have management authority in your LLC (if applicable) A statement that your LLC can operate with only one member (if applicable)
Owners have limited liability, meaning that the entity is responsible for all liabilities the company incurs. Profits and losses of company are passed on to the member and are only taxed at the individual level. Cons of LLC Structure: Often subject to additional taxes at the state level.