A Tennessee single-member LLC operating agreement establishes a framework for a business owner’s limited liability company. Even though this agreement isn’t a legal requirement in the state, a sole business owner can use it to obtain protection against personal liability if legal matters arise.
Because this agreement separates personal and business affairs, poor business performance or legal disputes won’t affect the owner’s personal assets.
Legal Considerations
Statute: Tenn. Code § 48-249-203.
