1. Single-Member Operating Agreement A Single-Member Operating Agreement is a legal document specifically designed for a Limited Liability Company (LLC) with only one owner, known as the sole member. This agreement outlines the structure, daily operations, and policies of the LLC. It is essential for providing a clear framework for how the business will be managed and helps establish the LLC as a separate legal entity from its owner, thereby protecting the owner's personal assets from business liabilities. Key Components: Company Information: Name, principal address, and formation date of the LLC. Member's Information: Name and address of the sole member. Management Structure: Details on how the company will be managed, typically by the sole member. Capital Contributions: Outline of the initial capital contributions made by the sole member. Distributions: How profits and losses will be distributed to the sole member. Meetings and Voting: While not necessary for single-me...