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1 Formation and Name. Unlike the articles of organization, an operating agreement generally is not required in order to form an SMLLC, nor is it filed with the state.A single member LLC operating agreement is a legal document that sets forth the rules and bylaws of a company. I think an easier option though, is just form a Membermanaged LLC where you son is known as the Managing Member. Do single-member LLCs need an operating agreement? Member LLC Operating Agreement is used for limited liability companies with just one member. The Operating Agreement outlines the basic operating rules for the limited liability company. It functions similarly to the "by-laws" in a corporation. Single Member LLC Operating Agreement (New York) - Template. An operating agreement lays out the structure and rules governing an LLC.
