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LLC Operating Agreement - S Corporation

Form for a Single-Member, Member-Managed LLC with S Corp Tax Status

Running a single-member, member-managed S Corporation can be a smart choice for many entrepreneurs. Having a solid LLC Operating Agreement is essential to protecting your business and outlining the rules governing your S Corp. With our LLC Operating Agreement | S Corp (Single-Member, Member-Managed) template, you can quickly and easily create a legally compliant operating agreement tailored to your unique needs.

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To get started, simply purchase the template and download it to your device. You can then customize it according to your business requirements. Our template includes the following important sections:

  • Company Formation: Establishes the name, purpose, and duration of your LLC, along with its principal place of business.
  • Taxation: Explains the S Corporation tax election and the member's responsibility for tax filings and payments.
  • Capital Contributions: Details the initial contributions made by the member and the process for making additional contributions in the future.
  • Distributions: Defines how profits and losses will be allocated and distributed to the member.
  • Indemnification and Limitation of Liability: Protects the manager from personal liability for certain actions taken on behalf of the LLC.
  • Dissolution: Describes the process and conditions for dissolving the LLC, including the distribution of assets and liabilities.
  • Amendments: Specifies the procedure for amending the operating agreement, ensuring flexibility as your business grows.

Some of the benefits of using this single-member, manager-managed operating agreement include:

  • The agreement is customizable to fit your unique business needs
  • Easy-to-follow, step-by-step instructions
  • Compliant with state laws and regulations
  • Professionally drafted by legal experts
  • Saves time and reduces potential legal disputes
  • Protects your personal assets by solidifying the LLC structure
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This form is appropriate for single-member, member-managed LLCs that have elected to be taxed as an S Corporation with the IRS. If you don't meet all these criteria, these operating agreements are better for you:

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