A Tennessee single-member LLC operating agreement sets forth the provisions concerning the governance of a limited liability company that consists of a sole member. A single-member LLC doesn’t legally have to create an operating agreement to be recognized as a legitimate entity. However, establishing this written document could help protect the owner from being personally liable should any legal disputes or tax issues occur.

The provisions of an operating agreement may change from company to company, but this template offers the basic terms such as the formation and purpose of the entity, capital contributions and distributions, accounting and tax matters, and dissolution.