If you are the only business owner, you should consider forming a Delaware Single-Member LLC Operating Agreement. The document contains all of the necessary information about the organizational structure of the business and any other relevant information relating to the business. It produces a confirmation that the owner will not have their private assets litigated in the event of a court case. Only the assets that are directly linked to the business will be litigated in this case.
Even though there is no obligation by the state of Delaware to complete this form, it would be a good idea to do so in order to protect private assets if the business goes into bankruptcy or has a serious lawsuit opened up against it. We recommend starting with a Delaware Single-Member LLC Operating Agreement Template which can be modified to suit each specific business. Upon completion of the draft, the owner should spend time to analyze the document in detail and ensure that everything is genuine and understandable.
Still looking for a particular template? Take a look at the related templates and forms below:
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