Updated on November 17th, 2021
A Wyoming single-member LLC operating agreement is an administrative document drafted by the owner/sole member of a limited liability company to outline the internal structure of the entity. A single-member LLC doesn’t have to worry about the relationships between members, as they are the sole owner, but their relationship to the company itself is very important.
As an owner of an LLC, the member enjoys the benefit of limited liability status, which is explained and substantiated by the operating agreement. With this agreement, their personal assets will be viewed as completely separate from the entity’s finances. In addition to protection, the agreement proves ownership so the LLC can conduct business with banks, investors, insurance agencies, and other institutions.