As a Montana Single-Member LLC Operating Agreement is formed only with one individual in the agreement, there is no actual legal requirement to create this document. However, it is still very much recommended particularly if you as the sole owner want to make sure that your personal finances are protected. If a business goes into default and can no longer function, you may find a situation where the business will need to recover debt. If this form is not in place, the owner of the company makes their personal resources vulnerable to debt collection. On the other hand, if this document is formed, only the resources of the business can be taken for debt recovery.
Apart from detailing information about ownership, the document includes clauses regarding the managers of the company and their specific contributions, the standard policies and procedures that are put in place and any other relevant information that could be of importance.
If you are not sure where to start, you should download a Missouri Single-Member LLC Operating Agreement Template which will simplify this process a great deal for you.
Still looking for a particular template? Take a look at the related templates and forms below: