The Kentucky single member operating agreement allows the sole owner of an LLC to create a bylaw for their company. The agreement will usually detail the daily business activities of the entity and designate any roles to managers and officers.
The main purpose of the operating agreement is to help protect the entity status of the LLC. The single owner’s intent is to protect their personal assets by shielding any liabilities from the company. Therefore the operating agreement helps to prove the entity is in fact a separate entity.
- Use the business database to help you find any information on file with the Secretary of State
How to Write
The owner of the LLC should input the following details in the agreement:
- Name of the Entity
- Member’s Full Name
- Formation of the LLC
- Business Purpose
- Articles of Organization Information
- Principal Place of Business
- Registered Agent Name and Address
- Initial Member(s)
- Officer Positions
It is recommended that the member choose to have the signature done with a notary public. The form is not filed with a government entity and is to be kept for safe keeping by the LLC.