Most operating agreements for single-member entities will include the following provisions:

• Initial Details. The document will set forth the formal details of the LLC include the company name, business purpose, duration, and registered office/agent.
• Owner/Member Details. The name of the owner and their rights/powers/responsibilities and management of their capital contributions are outlined in the agreement.
• Limitation of Liability/Indemnification. A primary function of the agreement is to separate the owner’s business identity from their personal identity, protecting the owner from the business’s liabilities and vice versa.
• Finances. The agreement outlines how the entity’s books, records, accounting, and tax matters are handled. It will also set forth how the member’s capital accounts will be managed.
• Death/Disability. An important provision regarding what will happen to the company in the event the sole member dies or becomes disabled is often included.
• Duration and Dissolution. How long the company will be maintained and under what terms it may be dissolved is generally stated in operating agreements.