A Kentucky single-member LLC operating agreement is used by the sole owner of a limited liability company (LLC) to formally establish the purpose, policies, ownership, and management of the company. Once implemented, the document solidifies the company as a legally separate entity from the owner and helps protect personal assets and limit exposure in the event of company bankruptcy or litigation. While Kentucky does not require an operating agreement for LLCs to operate in the state, it can greatly benefit the company by providing a layer of security and offering more credibility to potential investors and institutions alike. It is recommended that the document is electronically signed with a timestamp or acknowledged by a notary public to prove its legitimacy.