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.
Llc Operating Agreement For Single Member
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?
The Llc Operating Agreement For Single Member you see on this page is a reusable formal template drafted by professional lawyers in accordance with federal and state regulations. For more than 25 years, US Legal Forms has provided individuals, companies, and attorneys with more than 85,000 verified, state-specific forms for any business and personal situation. It’s the fastest, simplest and most trustworthy way to obtain the documents you need, as the service guarantees the highest level of data security and anti-malware protection.
Obtaining this Llc Operating Agreement For Single Member will take you just a few simple steps:
- Look for the document you need and check it. Look through the file you searched and preview it or check the form description to verify it suits your needs. If it does not, use the search bar to find the right one. Click Buy Now once you have located the template you need.
- Subscribe and log in. Select the pricing plan that suits you and register for an account. Use PayPal or a credit card to make a prompt payment. If you already have an account, log in and check your subscription to proceed.
- Get the fillable template. Select the format you want for your Llc Operating Agreement For Single Member (PDF, Word, RTF) and download the sample on your device.
- Complete and sign the paperwork. Print out the template to complete it manually. Alternatively, use an online multi-functional PDF editor to rapidly and precisely fill out and sign your form with a valid.
- Download your papers again. Utilize the same document again whenever needed. Open the My Forms tab in your profile to redownload any earlier downloaded forms.
Subscribe to US Legal Forms to have verified legal templates for all of life’s scenarios at your disposal.
Form popularity
FAQ
Writing your operating agreement Ownership. Since you are the sole owner and member of your SMLLC, this part is easy. ... Management. ... Contributions and distributions. ... General rules. ... Dissolution. ... Signature.
The operating agreement should include the following: Basic information about the business, such as official name, location, statement of purpose, and registered agent. Tax treatment preference. Member information. Management structure. Operating procedures. Liability statement. Additional provisions.
An LLC operating agreement is an important document for any LLC?and in California, your LLC is required to have one. While you won't need to file your operating agreement, it's important to draft a comprehensive one to help you avoid the application of California's default LLC rules.
An operating agreement should include the following: Percentage of members' ownership. Meeting provisions and voting rights. Powers and duties of members and management. Distribution of profits and losses. Tax treatment preference. A liability statement. Management structure. Operating procedures.
An LLC operating agreement should contain provisions to cover: Basic information about the LLC. ... A profit and loss allocation plan. ... The LLC's purpose. The management structure. ... Ownership percentages of each member. ... Voting rights and procedures. ... Meeting frequency. Procedures for bringing in new members.