An Oregon single-member LLC operating agreement is a crucial document for sole owners, guiding the formation of their company’s policies and procedures. This agreement, typically drafted alongside the Articles of Organization but not filed with the state, delineates ownership and governance for a one-member LLC.
Its implementation is highly advised as it offers vital protection, safeguarding the owner’s personal assets and finances from risks like litigation, bankruptcy, or business failure, and establishes a clear separation between the individual and the company.
Legal Considerations
Statute: Oregon Limited Liability Companies, specifically ORS 63.431(2).
