A New Hampshire single-member LLC operating agreement assists a sole proprietor in defining company policies, procedures, and daily activities. This document offers corporate-style protections by separating personal and business assets, safeguarding against litigation, and providing tax benefits.
Step 1: Company Name
Fill in the name of your LLC here. It’s essential to have a unique and descriptive name that represents your business and complies with state naming requirements.
For instance, if you’re opening a pet grooming business, you might choose a name like “Furry Friends Grooming, LLC.”
Step 2: Agreement Date
Enter the date when this operating agreement is signed. The date helps establish a clear timeline for the agreement’s validity and helps avoid confusion regarding when the terms and conditions became effective.
For example, if you sign the agreement on April 15th, 2023, you would write “April 15th, 2023” in the blank space.
Step 3: Company and Member Information
In the next step, fill in the name of your LLC again and the name of the sole member (you) executing the agreement. This information clarifies the parties involved in the contract and their roles within the LLC.
For example, if your name is Greg James and your LLC is “Furry Friends Grooming, LLC,” you would write “Furry Friends Grooming, LLC” and “Greg James” in the respective spaces.
Step 4: Formation of LLC
This section describes the formation of the LLC, including when and where the Articles of Organization were filed. You need to also provide the name of your LLC, the date the Articles of Organization were filed, and the state where they were filed.
For example, if you filed the Articles for “Furry Friends Grooming, LLC” on February 1st, 2023, you would write “Furry Friends Grooming, LLC” and “February 1st, 2023” in the appropriate spaces.
Step 5: Purposes and Powers
This section outlines the purpose(s) of your LLC and the powers it has. You must clearly and specifically describe the business activities your LLC will engage in.
For example, suppose your LLC’s purpose is to provide pet grooming services. In that case, you might write, “To provide professional pet grooming services, including bathing, brushing, trimming, and styling for dogs and cats, as well as to offer pet care products and accessories, with a focus on delivering exceptional customer service and promoting the health and well-being of pets in our community.”
Step 6: Authority
This part confirms that you, as the sole member of the LLC, have the authority to make decisions and take actions on behalf of the company. Including your name in this section is essential, ensuring that your authority is explicitly acknowledged.
For example, if your name is Greg James, you would write, “Greg James, as the sole member of the Company, has sole authority and power to act for or on behalf of the Company…”
Step 7: Managing Member’s Signature and Print Name
At the end of the document, you will sign and print your name, confirming your agreement to the terms and conditions outlined in the Sole Member Operating Agreement. This signature is legally binding, signifying your commitment to abide by the contract and the applicable laws and regulations governing your LLC.
Greg James will sign and print his name here.
Conclusion
Ultimately, this article provides a clear roadmap for filling out a New Hampshire single-member LLC operating agreement, promoting business success and protection. We trust this guide has been beneficial and recommend consulting an attorney for further assistance or clarification as needed.
