Our LLC operating agreement template is expertly crafted by legal professionals to ensure that your business is fully compliant with state regulations and protected from legal liability, giving you peace of mind and security as you grow your enterprise.
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A Georgia single-member LLC operating agreement is an optional legal tool for sole proprietors to establish ownership, procedures, and policies. While not required, it protects personal assets from business liabilities and offers tax benefits.
The blank field at the beginning of the document is where you will enter the name of your LLC. This is important as it officially identifies and distinguishes your company from others. Choose a unique name that complies with Georgia's naming guidelines. Let's say you want to start a bakery business. You could choose a name like "Sweet Georgia Treats, LLC" for your LLC.
Fill in the next blank space with the date you are signing the agreement. This establishes when the contract becomes effective. In the following line, write your full name or the name of the person who is the sole member of the LLC and the full legal name of the LLC. This identifies the person who owns the company and is responsible for its operations.For example:
Suppose you are signing the operating agreement on April 6, 2023. You would write "April 6, 2023" as the date. Then, if your name is Jane Smith, you would enter "Jane Smith" as the sole member of the LLC.
Fill in the date the Articles of Organization were filed with the state of Georgia. This date marks the legal establishment of your LLC. Assume you filed the Articles of Organization on March 1, 2023. You would write "March 1, 2023" as the formation date.
In this section, fill in the blank space with a detailed description of your LLC's primary purpose or business activities. This defines the scope of your company's operations. For instance, for the bakery business example, you could write: "To produce, market, and sell a variety of baked goods, including but not limited to, breads, pastries, cakes, and cookies, to retail customers and wholesale clients."
In the "Authority" section, enter your name or the sole member's name. This section highlights that the sole member has the power to make decisions and act on behalf of the LLC. Continuing with the example, you would write "Jane Smith" in the Authority section, indicating that Jane Smith has the sole authority to make decisions and act on behalf of the company.
At the end of the document, sign the agreement and print your name below it. This indicates your acceptance of the terms in the operating agreement and your commitment to abide by them. Jane Smith would sign her name on the "Managing Member's Signature" line and then print "Jane Smith" below it.
With these examples, the filled-out sections would look like this:
SOLE MEMBER OPERATING AGREEMENT
Sweet Georgia Treats, LLC
A Georgia Limited Liability Company
THIS OPERATING AGREEMENT (“Agreement”) is made and entered into as of April 6, 2023, by and among Sweet Georgia Treats, LLC, a Georgia Limited Liability Company (the "Company") and Jane Smith, executing this Agreement as the sole member of the Company (the "Member") and hereby states as follows:
The Member has formed a Georgia Limited Liability Company named Sweet Georgia Treats, LLC by filing the Articles of Organization with the office in the State of Georgia on March 1, 2023.
a) The purposes of the Company shall be:
(i) To produce, market, and sell a variety of baked goods, including but not limited to, breads, pastries, cakes, and cookies, to retail customers and wholesale clients; and
Authority. Jane Smith, as sole member of the Company, has sole authority and power to act for or on behalf of the Company, to do any act that would be binding on the Company, or incur any expenditures on behalf of the Company.
Managing Member’s Signature: Jane Smith
Print Name: Jane Smith
In conclusion, a single-member LLC operating agreement for a Georgia-based company helps formalize your business structure and protect personal assets. By carefully completing each section, the sole member establishes their responsibilities and commitments to the business. This process strengthens the legal foundation of the LLC and ensures smooth operation.