A Vermont single-member LLC operating agreement is a strategic document a business owner crafts to define and manage various aspects of their limited liability company. Some elements it addresses include capital contributions, profit and loss distribution, management style, taxation, and dissolution terms if the company ever needs to dissolve.
While Vermont doesn’t require business owners to write one or file it with the Secretary of State, it’s still good practice to have one on record. It serves as a framework for your company’s internal operations, which investors may need to consider lending funds to propel your business forward.
Legal Considerations
Statute: Title 11, Chapter 25 – Limited Liability Companies.
