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.
Seattle Washington Single Member Limited Liability Company LLC Operating Agreement is a legal document that outlines the rules and regulations governing the operation of a single-member limited liability company (LLC) in Seattle, Washington. It provides a framework for the internal management and governance of the LLC and establishes the rights and responsibilities of the owner, known as the single member or member/owner. This agreement includes key provisions such as: 1. Formation: It specifies the LLC's name, principal place of business in Seattle, and the effective date of the agreement. 2. Purpose: The operating agreement outlines the specific business activities or purposes for which the LLC is organized. 3. Member Contributions: It describes the initial capital investment made by the single member, including cash, property, or other assets contributed to the company. 4. Management and Decision-Making: This section outlines how the LLC will be managed. In a single-member LLC, the member usually has the sole authority to make decisions on behalf of the company. However, the agreement may allow the member to appoint a manager to handle day-to-day operations. 5. Distribution of Profits and Losses: The agreement details how the profits and losses of the LLC will be shared between the single member and the company. 6. Transfer of Membership Interest: This provision outlines the process for transferring ownership interests in the LLC, including restrictions on transferring membership interests to third parties. 7. Dissolution: It provides the terms and conditions for the dissolution of the LLC, including the distribution of remaining assets upon dissolution. There might be variations or different types of operating agreements available for single-member LCS in Seattle, Washington. Some common types include: 1. Standard Operating Agreement: This is a generic operating agreement that covers the basic provisions required for most single-member LCS. 2. Customized Operating Agreement: This type of agreement is tailored to meet the specific needs of a single-member LLC, taking into consideration the unique circumstances and requirements of the business. 3. Single-Member LLC Operating Agreement with a Manager: If the single member decides to appoint a manager to handle the daily operations of the LLC, this type of agreement will include additional provisions for the role and responsibilities of the manager. It is essential to consult with a legal professional to determine the most suitable type of operating agreement for a single-member LLC in Seattle, Washington, as well as to ensure compliance with state laws and regulations.Seattle Washington Single Member Limited Liability Company LLC Operating Agreement is a legal document that outlines the rules and regulations governing the operation of a single-member limited liability company (LLC) in Seattle, Washington. It provides a framework for the internal management and governance of the LLC and establishes the rights and responsibilities of the owner, known as the single member or member/owner. This agreement includes key provisions such as: 1. Formation: It specifies the LLC's name, principal place of business in Seattle, and the effective date of the agreement. 2. Purpose: The operating agreement outlines the specific business activities or purposes for which the LLC is organized. 3. Member Contributions: It describes the initial capital investment made by the single member, including cash, property, or other assets contributed to the company. 4. Management and Decision-Making: This section outlines how the LLC will be managed. In a single-member LLC, the member usually has the sole authority to make decisions on behalf of the company. However, the agreement may allow the member to appoint a manager to handle day-to-day operations. 5. Distribution of Profits and Losses: The agreement details how the profits and losses of the LLC will be shared between the single member and the company. 6. Transfer of Membership Interest: This provision outlines the process for transferring ownership interests in the LLC, including restrictions on transferring membership interests to third parties. 7. Dissolution: It provides the terms and conditions for the dissolution of the LLC, including the distribution of remaining assets upon dissolution. There might be variations or different types of operating agreements available for single-member LCS in Seattle, Washington. Some common types include: 1. Standard Operating Agreement: This is a generic operating agreement that covers the basic provisions required for most single-member LCS. 2. Customized Operating Agreement: This type of agreement is tailored to meet the specific needs of a single-member LLC, taking into consideration the unique circumstances and requirements of the business. 3. Single-Member LLC Operating Agreement with a Manager: If the single member decides to appoint a manager to handle the daily operations of the LLC, this type of agreement will include additional provisions for the role and responsibilities of the manager. It is essential to consult with a legal professional to determine the most suitable type of operating agreement for a single-member LLC in Seattle, Washington, as well as to ensure compliance with state laws and regulations.
