A Kentucky single-member LLC operating agreement, while not mandated by law, plays a vital role in safeguarding the owner’s personal and financial assets by delineating the company’s operations. It serves as crucial evidence of LLC ownership, facilitating the opening of business accounts and securing loans, and without it, the owner risks personal liability for the business’s debts and obligations.
Legal Considerations
Statute: Title 23, Chapter 275 – Limited Liability Companies
