A Hawaii single-member LLC operating agreement is a legal document that is typically drafted after the formation of a limited liability company by a sole owner. Although not required by state law in Hawaii, an operating agreement allows the owner to formally establish the company’s own internal guidelines and operational procedures while also outlining important details regarding its management and ownership. The operating agreement also provides the company owner with an extra layer of protection from personal liabilities by solidifying the company’s standing as a separate entity, both legally and financially. It is recommended that the document is notarized and timestamped after completion in order to prove its legitimacy.