Updated November 23, 2021
A North Dakota single-member LLC operating agreement is a legal document that is designed to assist a single owner of an entity in structuring their business for filing with the state. The document will provide information regarding the procedures and daily activities of the business among other aspects of the company and its operations.
Implementation of this document will also separate the activities of the owner from those of the business, therefore creating protections for the owner’s private assets and financial accounts in the event of any legal claims against the business. The business will also experience tax benefits, not available without the completion and filing of the document.