An Oklahoma single-member LLC operating agreement, while not mandatory by state law, serves as a vital internal document for the sole proprietor of an LLC. It delineates the business’s operations, affirms ownership, and creates a necessary distinction between the owner’s personal and business assets.
The operating agreement can be used as evidence of a company’s legitimate business operations, helping to ensure that the owner is free from personal liability for company debts.
Legal Considerations
Statute: Oklahoma Limited Liability Company Act.
