Single Member Operating Agreement Plug 'n' Play Template

After helping over a 1000 entrepreneurs start their business one thing I noticed that was missing is the correct documents in the start up file. 98% of entrepreneurs didn't have this form at all. In fact, they had no clue what is was or why they needed to have this.

Even as the sole owner (member) of your LLC, it is important to create an operating agreement to separate your LLC from you as an individual. Without this document, the LLC would look like a sole proprietorship (which does not limit your personal liability for business debts.).

Creating a formal agreement helps reduce the chances that courts will refuse to recognize your LLC and hold you personally liable for the debts of your business. Just the existence of a formal written operating agreement, will lend credibility to your LLC's separate status. This documents serves as a private document that defines your rights and responsibilities.

This document is required by most states when forming an LLC however it is needed for all states unless you want to be a sole proprietor.

• This template is 100% downloadable, editable and customizable.

• Ready to use.

• Attorney Approved.

• Court Approved.

• Easy to understand even without any legal experience.

• Contract Template User Guide & Checklist

• Video Tutorial explanation of the template.

**Although this document separates you legally from the business; the IRS still sees single member LLC owners as a sole proprietorship and the income from the business passes through with your personal income. This can be changed. Speak with a tax advisor to do so.

***Purchases from Level Up Academy, Tax Savvy Inc, Vibrate Higher Credit does not create an attorney-client relationship. If you need legal advice or representation, please consult with a licensed attorney.

Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Tax Advisor, Credit Consultant, and Business Consultant. This information is for guidance and informational purposes only. It is highly suggested that you speak with an attorney if you need help with a more personal matter.