An Arkansas single-member LLC operating agreement is an essential document that establishes the ownership, operations, and management of a limited liability company (LLC) owned by one person. Written and signed immediately after the formation of an LLC, this document solidifies the company as a legally separate entity and helps to protect its owner from any liabilities that may arise. While state law in Arkansas does not require LLCs to have operating agreements, the agreement can also help protect the owner’s personal assets from the company’s exposure to debts and financial obligations. Once completed, the operating agreement should be signed electronically or notarized in order to prove the date and time of its authorization.