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 Wyoming single-member LLC operating agreement is a legal document used by a sole proprietor to set standard procedures, policies, and protect their personal assets. Although not required by the state, its absence can lead to personal liability in case of business failure or litigation. Thus, implementing this agreement is vital for safeguarding the owner's interests.
This is the title of your legal document that outlines how your single-member LLC will be structured and managed. Filling in your LLC's name here establishes the subject of the agreement and sets the stage for the rest of the document.
Here, you'll input the date of your agreement.This helps to clarify when the terms of the agreement start to apply. Next include the name of the LLC and your name. It's essential to include "LLC" in the name to indicate that your business is a limited liability company. This name should match the one you've registered with the state of Wyoming.
Fill in your LLC's name again and the date when you filed the Articles of Organization with the state of Wyoming. This helps to confirm the legal establishment of your company.
Describe the primary business activities or services that your LLC will engage in. Providing a clear purpose ensures that everyone understands the company's intended operations.
In the blank space provided for Authority, you should fill in the full name of the individual who is the sole member of the Company. This person will have the exclusive authority and power to act for or on behalf of the Company, perform any actions that would be binding on the Company, or incur any expenditures on behalf of the Company.
By filling in this section, you are establishing who holds the decision-making authority within the LLC.
Sign and print your name to confirm your agreement with the terms outlined in the document.