A Connecticut single-member LLC operating agreement establishes the internal operations and governance of a limited liability company owned by a single individual. Although not legally required by the state, having an effectively drafted agreement in place can unlock tax benefits that the sole member wouldn’t otherwise be able to claim. Additionally, it provides evidence to money lenders of the company’s legitimacy, often necessary for securing loans or lines of credit.
Legal Considerations
Statute: Chapter 613a – Uniform Limited Liability Company Act.
