A Delaware single-member LLC operating agreement is an essential document outlining the internal structure of a limited liability company (LLC) owned by one person. It details the management, rules, and ownership of the company, as well as guidelines regarding company meetings, dissolution, and more. In addition, the operating agreement establishes the company’s status as a separate entity from the owner, protecting them from legal and financial liabilities. While Delaware state law requires LLCs to have an operating agreement, the agreement does not have to be filed with the state. Notary acknowledgment is not required, but it is highly recommended.