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South Carolina Single Member LLC Operating Agreement Form

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South Carolina Single Member LLC Operating Agreement Form

Updated July 29, 2022

A South Carolina single-member LLC operating agreement is a legal document that would be utilized specifically by a sole owner of a company for the purpose of establishing basic company policies and standard operating procedures. The document is not required in this state in order to conduct business within the state. This stated, the owner should carefully consider the implementation of the document to protect the owner’s assets (personal and financial) in the event they are presented with legal claims against their company. As long as the document is in place, the owners, although their business could be held legally liable, will not be placed in the position of liquidating assets to pay claims. The business will also have the opportunity to take advantage of tax benefits that would not be available without the completion and filing of the form.

Laws§ 12-2-25(B)(1)

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