A Wisconsin single-member LLC operating agreement is a legal document for a sole entrepreneur establishing a limited liability company. It creates a framework for managing the LLC, outlining the member’s rights and responsibilities and the business’s operating procedures.
While state law doesn’t mandate its creation, this agreement is advantageous when distinguishing between personal and business assets. It also protects the owner from experiencing personal liability in various legal scenarios. The LLC owner tailors this document to fit their preferences so their entity doesn’t have to abide by Wisconsin’s default statutes.