A Texas single-member LLC operating agreement is a legal document defining the operational framework and policies for a business owner’s limited liability company. Even though Texas’s statutes don’t require the completion of this agreement or filing with the Secretary of State, individual business owners should fill it out to keep their business and personal assets separate.
Within this document, a sole business owner outlines various aspects of conducting their business, including how they want to make decisions, implement management procedures, and execute financial strategies. It grants them greater control so they don’t have to abide by the state’s guidelines when conducting their business, and it provides clarity and stability for future operations.
Legal Considerations
Statute: Title 3, Chapter 101 – Limited Liability Companies.
