An Operating Agreement LLC Sole Member is a type of Limited Liability Company (LLC) which has only one member, who owns and manages the company. This structure provides the benefits of limited liability for business entities without requiring multiple owners. The agreement defines the distribution of profits and losses among members, as well as how decisions are made, responsibilities are divided, and how disputes are handled. It also outlines how an ownership interest may be transferred if certain conditions arise. By laying out these details in an operating agreement, it can minimize the chances of conflict between the owner and the other members or governing bodies.