A Nebraska single-member LLC operating agreement is a document used by the sole owner of a limited liability company to establish internal policies, operating procedures, and legal protection for the owner’s private assets. While the state of Nebraska does not require companies to implement an operating agreement, it allows the company to exist as a separate entity from the owner and provide credibility as a formal business to financial institutions and investors alike. Without an operating agreement in place, the company is subject to general state laws governing LLC operating procedures.