Updated on November 8th, 2021
A Nevada single-member LLC operating agreement gives the owner of an LLC the ability to structure the internal management of their business as they see fit. The document details how the company is structured, the owner’s rights and obligations, and how the entity will be taxed. Should the owner wish to secure financing, investors and banks will often require a copy of an operating agreement.
Without the agreement, the LLC will be subject to state default laws, which may not always cater to the entity’s specific needs. Therefore, the execution of an operating agreement is recommended, even for LLCs with only one (1) member.