The Montana single-member LLC operating agreement details the rules, regulations, and structure of a limited liability company with one (1) owner. The document describes the owner’s obligations and rights, and lays out contingencies should the owner die or become disabled. Most financial institutions will require that an LLC have an operating agreement before they will approve a loan or allow the entity to open a bank account.

The operating agreement allows the company owner to set their own rules and business practices that would otherwise be governed by the default provisions in the Montana LLC Act.