Updated December 08, 2021
A Delaware single-member LLC operating agreement is a legal document used by a single owner/sole proprietor to establish the operating procedures of their company. The form provides all of the same tax and protective benefits for a sole proprietor, as would be received by larger companies. This document must be carefully reviewed. If the owner is not clear with regard to the language of the document, the owner may consider contacting an attorney for clarification.
The state does not require that a business complete this document, however, not having the document could leave the personal assets vulnerable to bankruptcy or litigation in the event of business failure. The document is recommended to be notarized since the member is the only individual that will be signing.