An operating agreement for an LLC single member is a contract between the single member and their limited liability company. It outlines the duties, rights, responsibilities and obligations of both the single member and the company, as well as how financials will be managed. This operating agreement ensures business operations are legal, compliant with the law and able to meet the needs of its members. Operating agreements also provide a sense of security and peace of mind that the business will run smoothly and in accordance with the wishes of its owner. By having a comprehensive written record of expectations and requirements, misunderstandings or disputes can be avoided. Ultimately, a well-crafted operating agreement for a single member LLC realizes greater success for the business owner and their organization.