Operating Agreement
(Manager-Managed, Single Member) (MO LLC)

Summary

This operating agreement template is for use by a Missouri limited liability company (LLC) that is manager-managed with a single member and formed pursuant formed pursuant to the Missouri Limited Liability Company Act (Mo. Rev. Stat. § 347.010 et seq.). This template includes practical guidance, an optional clause, and drafting notes. The single member in this operating agreement appoints the managers who manage the LLC's affairs. Because the LLC has only one member, issues relating to voting, a tax matters member/partnership representative, and transfers are less prominent in this operating agreement than they would be in an operating agreement for a multiple-member entity. If an additional member or members are admitted, an amended and restated operating agreement should be prepared that addresses the issues that arise in a multiple-member LLC. For more information on formation of Missouri LLCs, see Formation and Qualification (MO LLC), and Formation Checklist (MO LLC).