Updated on October 15th, 2021
A Georgia single-member LLC operating agreement outlines the procedures and policies governing a limited liability company’s activity, finances, and management. The form establishes the entity’s legal structure and provides evidence that the owner’s finances and other assets are separate from those belonging to the company. An operating agreement also includes contingency plans for the incapacity or death of the owner and company dissolution.
While all LLCs can benefit from executing an operating agreement, the contract is not legally required in the state of Georgia.