Do I need an operating agreement if I am the only LLC owner?
Last updated September 27, 2026
Learn why a single-member LLC may still need an operating agreement and what to include after your LLC is approved.
Yes, it is usually a good idea to have an operating agreement even if you are the only LLC owner. Some states require one, and others do not, but banks, tax professionals, lenders, or future partners may still ask for it. More importantly, it helps show that your LLC is separate from you personally. You usually do not file it with the state. You keep it with your business records.
Steps
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Check your state’s rule. Search your state LLC agency or business filing site for “operating agreement.” Some states require LLCs to have one, even if it is not filed publicly.
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Create a simple single-member version. You do not need to make it complicated. It should match your actual business and ownership.
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Include the basics. Add the LLC name, formation state, business address, owner name, ownership percentage, management authority, and who can sign for the company.
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Explain how money is handled. Include that business funds should go through the business account, how owner draws or distributions may be made, and who approves spending.
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Add what happens if things change. Cover adding another owner, closing the business, changing the business name, or transferring ownership.
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Sign and date it. Even if you are the only owner, sign it as the member of the LLC. Keep a PDF and a saved copy with your formation documents, EIN letter, licenses, and tax records.
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Update it when your business changes. If you add a partner, investor, manager, or new ownership arrangement, revise the agreement before relying on the old one.
If you are still stuck
Open your Stratify roadmap and look for the LLC records or post-formation tasks. If you are unsure what your operating agreement should say, ask the AI coach and include your state, whether you have partners, and whether anyone else will manage or sign for the business.