A Wisconsin single-member LLC operating agreement is a legal document drafted by the sole member of a limited liability company to govern the structure of the entity and their relationship to the business. Establishing an LLC operating agreement is beneficial for individuals who want to keep their business assets separate from their personal assets.
A Wisconsin single-member LLC operating agreement is a legal document drafted by the sole member of a limited liability company to govern the structure of the entity and their relationship to the business. Establishing an LLC operating agreement is beneficial for individuals who want to keep their business assets separate from their personal assets.
The operating agreement will prove the member owns the company, but are protected by the limited liability status of the entity in the event of a lawsuit. Furthermore, creating a document that is specifically suited to the member’s needs and intentions will help avoid the state’s default rules being applied to the entity, which are often basic and wide-sweeping.
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