A Single-Member LLC Operating Agreement confirms that a business entity is not related to the personal assets of its owner. The big bonus of such contracts lies with the fact that they are recognized as genuine, registered with a state. In order to make this official, the owner must legally obtain this status by completing a Single-Member LLC Operating Agreement, which can be downloaded through the link below.
A Single-Member LLC means that the company is owned by only one person and their business is registered to a particular state. Different states can request a slightly different set of documents, known as 'Articles of Organization'. The company owner, sometimes also referred to as a "company member," will not be personally responsible should the company experience debt issues or any other problems. An exception to this is when a member involves themselves in illegal activities (for example, fraud).
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