Declaration
(Single Member) (LLC)

Summary

This template declaration can be used in lieu of an operating agreement by a limited liability company (LLC) that has only one member. Counsel may modify this template to ensure compliance with applicable law. This template includes practical guidance and drafting notes. While not always required by statute, every LLC should be governed by an operating agreement (also referred to as a limited liability company agreement). For a single member LLC that does not require a complex governing document, a declaration can be used to outline material matters related to the operation and management of the LLC.