A Washington single-member LLC operating agreement is a legal document for individual owners of limited liability companies, serving to establish a structured framework for their businesses’ operations. Even without other members to consider, this document helps the sole owner formalize the entity’s contributions, financial procedures, management style, and other internal regulations.
In addition to outlining the LLC’s operational elements, this agreement also acts as a safeguard by separating the owner’s personal assets from the company’s liabilities. Without this agreement in place, the business would follow the state statutes governing LLCs, meaning the owner would have less control than they may like.
Statute: RCW Chapter 25.15.