An Arkansas single-member LLC operating agreement establishes the structure of a limited liability company owned and operated by a sole member. While not mandated by state law, having one in place is recommended for clarifying the rights, responsibilities, and internal workings of the business. Furthermore, it helps demonstrate the separation of personal and business assets, thereby maintaining the limited liability protection afforded by the LLC structure.
Legal Considerations
Statute: Title 4, Subtitle 3, Chapter 38 – Uniform Limited Liability Company Act.
