A Utah single-member LLC operating agreement is used to establish the internal policies, operations, and management of a limited liability company owned by an individual. In addition, it solidifies the company’s standing as a legally separate entity from the owner, providing protection for personal assets and accounts in the event of company exposure to debts, bankruptcy, or litigation. While not required by law in Utah, implementing an operating agreement can increase credibility with investors and banks. Without one in place, the business would be subject to state rules governing LLC operations. It is recommended that the document is timestamped and notarized in order to prove its validity.