A Missouri single-member LLC operating agreement is a crucial legal document for any limited liability company’s solo owner. It outlines the internal operations of the business, separates the owner’s personal property from the company’s obligations, enumerates the rights and duties of the managers, and establishes who may act on the company’s behalf.
The agreement also helps protect the owner’s personal assets from any company debt or potential lawsuits. Although it is a state-required document, it does not need to be filed with the Secretary of State.
Statute: Title 23, Chapter 347