A New Hampshire single-member LLC operating agreement is a key document for a sole proprietor, outlining company policies and operations. It provides legal protection by separating the individual from the business and safeguarding personal assets against litigation.
Additionally, it offers tax benefits. This internal agreement, not required to be filed with the state, details the owner’s responsibilities, rights, and authority. It shields the owner from financial liabilities in legal disputes, includes provisions for the owner’s death or company dissolution, and protects against third-party liabilities.