A Florida single-member LLC operating agreement defines the governance structure of a limited liability company with a sole owner. Although not legally required by the state, having an agreement in place is advisable to define the internal workings of the business and avoid potential misunderstandings. Additionally, the document details how the business will be taxed and any potential benefits for the single member.
Legal Considerations
Statute: Chapter 605 – Florida Revised Limited Liability Company Act.
