The Single Member LLC Provides Liability Protection
But Requires Special Maintenance
A Single Member LLC Does Not Have the Complexity
of a Multi-Member LLC Business.
There is no need to
subject yourself and your limited liability company
to lengthy
operating agreements containing additional
governance provisions that simply
are not relevant or necessary.
But a
Single Member LLC is Subject to a Much
Higher Risk of Personal Liability to the Single Member.
This is because as a single owner, you have no one else to
answer to and
as a result, you may forget to do the things with your LLC that
are needed
to preserve your liability protection.
Introducing The Single Member LLC Operating
Agreement Package.
Designed specifically for the
single member LLC, get exactly what you need
when it comes to a necessary LLC Operating Agreement and
maintenance.
Nothing less and nothing more so you can easily run your
business and
know you are preserving the protection afforded by your single
member LLC.
|
The Single Member
LLC Operating Agreement Package |
Designed Specifically for the Single Member LLC
Exactly What
you Need for an LLC Operating Agreement. Nothing
less and Nothing More
The Single
Member LLC is one of the most effective and useful
legal entities out there for sole business owners.
It is the best way for you to get limited liability
protection, maintain a single layer of taxation, and
have an easy to maintain and operate professional
entity for your business.
Before the
single member limited liability company existed, a
sole business owner could not get all of these
benefits in one place. But soon after it became
available, the single member LLC is the most
popular of all limited liability companies formed
each year.
There are
two differences that you should be aware of when it
comes to comparing a single member LLC and a
multi-member LLC.
Difference #1
is that a single member LLC does not need as many
governance processes as a multi-member LLC.
Accordingly, if you review most standard LLC
operating agreements out there, you will start to
wonder how they apply to you as a single member LLC.
The answer
is that many of the standard provisions in your
typical LLC Agreement form are not necessary or
relevant for a sole owner business. Now, if
you are planning on later adding other members, it
does make sense to use a multi-member LLC Operating
Agreement now so that you have the necessary
structure in place later when you need it. We
offer a professional standard
LLC Operating Agreement for these situations.
But, if
you know your business is and will always be owned
by just you, there is no need to subject yourself
and your business to unnecessary processes and
complexity. Our Single Member LLC Operating
Agreement is specifically designed for the single
owner LLC business.
Our form
is based on the agreement used by one of the most
prestigious national corporate law firms in the
country. They use this form hundreds of times
a month as they form single owned limited liability
companies for their thousands of business clients.
Difference #2.
The second difference between a single member LLC
and a multi-member LLC is that a single member LLC
is subject to more risk of being pierced in the
event of a lawsuit.
What is
piercing? It is when someone sues your
business and then tries to convince the judge in the
lawsuit to pierce the LLC layer of protection and
hold you personally liable for the liability in
question. Now, the law is quite clear that
members are not personally liable for the debts and
obligations of an LLC business.
But some
lawyers, especially with a single member LLC
involved, are successful in getting around this
basic principle by using creative arguments.
One creative argument is that the owner may have
formed an LLC but then he or she did not properly
maintain it and, when running the business, that
person acted as if the limited liability company did
not exist. This argument comes down to "If the owner
himself ignored and did not honor the existence of
the LLC, why should the judge do so. . ."
The
solution is that you as a single member LLC must
always ensure that it is your limited liability
company running your business and you must maintain
proper written paperwork showing that the LLC is
being governed and making decisions properly. T his
is done with proper governance paperwork.
Our Single
Member LLC Operating Package includes the standard
forms that you can use regularly in your LLC
business to maintain the proper formalities so you
can easily fight any arguments of piercing should
you or your business ever be sued.
100%
Satisfaction Guarantee

Order The Single Member LLC Operating Package Now

Package Includes:
(Available by Instant Download in Word Format)
 |
Single Member LLC Operating
Agreement Form (Customizable) |
 |
Initial Governance Consent Form for
Single Member LLC |
 |
Generic Written Consent Form
Approving LLC Actions (for a single member
LLC) |
BONUS GUIDE INCLUDED WITH PURCHASE:
Whether you decide to purchase The Single Member LLC Operating Agreement
Package, you get the following
limited time bonus:

"Setting Up Your LLC Operating Agreement" a 20
page eBook guide explaining the purposes and major
provisions of the LLC Operating Agreement.
While many of the explanations apply to multi-member
LLC situations, there are specific references for
the single member LLC.
100%
Satisfaction Guarantee

Order The Single Member LLC Operating Package Now

Package Includes:
(Available by Instant
Download in Word Format)
 |
Single Member LLC Operating
Agreement Form (Customizable) |
 |
Initial Governance Consent Form for
Single Member LLC |
 |
Generic Written Consent Form
Approving LLC Actions (for a single member
LLC) |
|