A Montana single-member LLC operating agreement is a document outlining the company’s guidelines, policies, and framework. It specifies the sole proprietor’s responsibilities and entitlements. Generally, banks and lenders mandate such an agreement for an LLC to qualify for loans or to open a business bank account. An operating agreement is often important in shielding the owner from personal liability from the company’s debts and obligations.
Legal Considerations
Statute: Montana Limited Liability Company Act.
