A Kentucky single-member LLC operating agreement is a crucial document for sole proprietors. It outlines the policies, procedures, and daily activities of the business, protecting the owner’s personal and financial assets.
Though not legally required by the state, an operating agreement provides evidence of LLC ownership, which helps open business accounts and obtain loans. Without it, the owner may be held personally liable for the company’s debts and obligations.
Legal Considerations
Statute: Title 23, Chapter 275 – Limited Liability Companies
