A Washington, DC single-member LLC operating agreement outlines the internal workings and governance structure of a limited liability company with a sole owner. While not legally required by the jurisdiction, having such an agreement is highly recommended to clarify key aspects of the business’s operations and mitigate potential conflicts or uncertainties.
In addition to standard provisions, the document details what happens to the business in the event of the owner’s incapacity or death, as well as procedures for admitting new members should the owner decide to expand the company in the future. Furthermore, the agreement may outline tax considerations, such as how the company will be taxed and any potential benefits for the single member.
