An Alabama single-member LLC operating agreement is a legal document that outlines the operational and managerial structure of a limited liability company with only one member. While state law doesn’t mandate the creation of this type of agreement, having one in place and notarizing it helps protect the owner’s legal and financial interests.
This document details the member’s rights and responsibilities, the company’s purpose, business practices, dissolution guidelines, and procedures for handling disputes. Despite the solitary ownership structure, this form clarifies how the business will be managed and can protect the member’s limited liability status by demonstrating the separation between personal and business affairs.
Legal Considerations
Statute: Title 10A, Chapter 5A – Limited Liability Companies.
