SINGLE-MEMBER LLC OPERATING AGREEMENT (free starting point from formationlane.com) This Operating Agreement is made on [DATE] by [OWNER NAME] (the "Member"), the only member of [LLC NAME] (the "Company"), a [STATE] limited liability company. 1. FORMATION. The Company was formed by filing [Articles of Organization / Certificate of Formation] with the [STATE FILING OFFICE] on [FILING DATE]. Principal office: [ADDRESS]. 2. PURPOSE. The Company may carry on any lawful business. 3. OWNERSHIP. The Member owns 100% of the Company. 4. MANAGEMENT. The Company is managed by the Member. The Member may sign contracts, open bank accounts, and act for the Company. 5. MONEY IN. The Member contributed [AMOUNT / PROPERTY] to start the Company. The Member is not required to contribute more. 6. MONEY OUT. The Member may take distributions when the Company can still pay its debts as they come due. 7. TAXES. The Company will be taxed as [a disregarded entity (the IRS default for one owner) / an S corporation / a C corporation]. 8. SEPARATE FINANCES. The Company keeps its own bank account and records. Company money is not mixed with the Member's personal money. 9. LIABILITY. The Member is not personally liable for Company debts only because of being a member. 10. SUCCESSOR. If the Member dies or becomes unable to act, [SUCCESSOR NAME] (or the Member's estate) may continue the Company or wind it up, and is admitted as a member for that purpose. 11. TRANSFERS. The Member may sell or give away all or part of the Company. A new owner becomes a member when this Agreement is amended in writing. 12. CLOSING THE COMPANY. The Company ends when the Member decides in writing to dissolve it. Debts are paid first, then anything left goes to the Member. 13. CHANGES. This Agreement can be changed only in writing signed by the Member. 14. GOVERNING LAW. The laws of [STATE] apply. Signed: ______________________ [OWNER NAME], Member Date: __________