The Single Person LLC Operating Agreement

The Single Person LLC Operating Agreement

300.00

The Single Person LLC Operating Agreement is the most important document a solo person LLC can have. In fact, it’s something I require all of my clients to have- and many states do as well. This document will prove that your business is in fact a business, and that it should be treated separately from your personal assets. The operating agreement is the document that governs the LLC, and is something you will typically need when opening a business bank account. In order to protect your status as a business, and ensure that your business isn’t governed by default state laws you probably didn’t even know existed, an operating agreement is an essential document for your business.


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For the convenience of my clients, I started drafting my contracts in a slightly different way than most: I break it into halves. Generally speaking, the first “half” contains the business terms: meaning you can go to town customizing this portion of the contract yourself.

The “second half”? That’s where the “legal terms” are housed- so you know clearly what must stay in.

Other than that, here is what you can generally expect in one of the templates:

-intro paragraphs, so we know who the parties are, the effective date, and the purpose of the agreement
-ALL of your payment and price terms (including payment schedules, timelines, refund policies deliverables, shipping and more)
-a complete list of your services (when I say complete, I mean truly complete)
-pesky provisions you may need but aren’t sure how to word, like confidentiality, exclusivity, creative license, and more
-intellectual property terms, such as who owns what’s created (plus options for scenarios arising in the future)
-paragraphs that may be awkward to talk about, such as cancellations, reschedules, no-shows, etc
and all of those “legal” paragraphs that only experience in a courtroom can teach you to look for, like remedies, warranties, limitation of liability, employment status of the parties, force majeure, and more than 10 others.

Congratulations on taking the most important step in protecting your business! I sincerely believe that my prior experience as a contract litigator for businesses was the best preparation I could have asked for in building strong contracts for creatives. After drafting contracts for everyone from small businesses to publicly traded corporations, and then litigating them in court, each of my contracts are drafted with the care and protection that only real life experience can get you. Each contract is drafted by a lawyer and reviewed by an industry professional with at least 3 years of professional experience before it is listed in the Creative Law Shop. Do you have any questions or concerns regarding your purchase? You can reach my team any time at support@shopcreativelaw.com.