Bookkeeping and Accounting Setup
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Single-Member LLC Operating Agreement
Clarify single-member llc operating agreement as a first-time owner: what decision you are making, what must happen now, what can wait, and the next concrete action.
6 guided steps
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Official guidance links
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Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
General information only; not legal, tax, insurance, cybersecurity, or investment advice. Confirm formation decisions with qualified advisers in every applicable jurisdiction.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Does the operating agreement document ownership, authority, capital, distributions, records, succession, indemnification, and dissolution even though there is only one current member?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA choose a business structure
Will banks, insurers, lenders, landlords, or future buyers need written proof that you have authority to act for the LLC?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA choose a business structure
If you become unavailable, does the agreement explain who may preserve the business and what happens to the membership interest?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA choose a business structure
Does the draft agreement include banking authority language a lender or landlord can accept without extra affidavits?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA choose a business structure
Have you named who may access records and preserve client obligations if you are incapacitated for 30 days or more?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA choose a business structure
Will you sign an operating agreement that covers ownership, authority, capital, distributions, succession, indemnification, and dissolution before major contracts?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Sign and date the operating agreement Draft or update the agreement before major contracts
Official guidance: SBA choose a business structure
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