You’re on our United States website. Change region
close
Platform Overview
e-Sign with Lawpath

Single-Member LLC Operating Agreement (California)

This agreement can be used for a California limited liability company (LLC) that has only one member and is member-managed.
star
star
star
star
star
5.0 (2 reviews)
timer
Under 5 minutes

Document Overview

This agreement can be used for a California limited liability company (LLC) that has only one member and is member-managed.

While California law does not require an LLC to have a written operating agreement, it is prudent to put the company’s management, financial and other arrangements into a written contract which accurately reflects the particular needs of the company. This is because the California Revised Uniform Limited Liability Company Act (Act) provides a set of default rules where the operating agreement is silent but it will give way to any contractual arrangement among members for an LLC's operation.

What does the Operating Agreement cover?

  • Organizational matters, including the company’s name, place of business, term, business and purpose, required filings, registered office and registered agent and tax representative.

  • Capitalization and financing.

  • Allocation of net income and net loss.

  • Distributions.

  • Company expenses.

  • Authority and responsibilities of the member.

  • Assignment of the member’s interest.

  • Records, audits and reports.

  • Dissolution and termination of the company.

Since the company only has one member, clauses relating to voting and transfers are less prominent than operating agreements for limited liability companies with multiple members.

When completing this agreement, you may want to consult with the company’s tax and/or accounting service providers to ensure the tax and accounting provisions are appropriate for the company. However, before making any changes to the clauses, you should consider Cal. Corp. Code § 17701.10(c)-(g) which places restrictions on varying certain provisions in the operating agreement.

It's never beenso easy
stars
Sign-up to a free Lawpath accountLawpath is free to join, and you get one free legal document when you sign-up. Also, you can receive unlimited e-signature requests with your Lawpath account.
local_library
Browse our legal documentsBrowse our legal documents to find the perfect match to cover your business needs. We’ve got Compliance, Employment, Service agreements and more.
drive_file_rename_outline
Collaborate with e-Sign and SharingHaving access to your legal documents has never been easier. You can request e-signature, share the document and download for an efficient collaboration.
Create unlimited legal documents and eSignatures for only $8/month.
Learn more
Here's what people say about Lawpath’s Single-Member LLC Operating Agreement (California)
star
star
star
star
star
Easy, carefully guided processI found it easy to create my website terms and conditions document following the easy, carefully guided process on the lawpath website!
people
Private user
star
star
star
star
star
So easyNo thinking involved, super easy and super fast. Great for busy and evolving businesses needing any legal documents.
people
Maxx
Powered by
Looking for more documents?
search
Browse all legal documents