The Nebraska single-member LLC operating agreement lays out the policies, procedures, and internal management of a limited liability company owned by a single member. The agreement helps to further separate the sole member’s personal assets from that of the company, which could prove useful in the event of a lawsuit or company debts. The document also provides guidance should the company choose to shut its doors and dissolve or if the owner becomes incapacitated.

The operating agreement is an internal document meant to help guide sole proprietors in their business practices and is not required to be filed with the state of Nebraska.