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Single-Member Operating Agreement Template

Single-member LLCs need an operating agreement even though there is only one member. Wyoming charging-order protection and asset protection arguments depend on it.

Answer

Single-member Wyoming LLC operating agreement is shorter than multi-member but still essential. Key purposes: establish the LLC as separate from the owner personally (important for asset protection), invoke Wyoming Statute 17-29-503 charging-order protection, declare management structure, address dissolution events, and document capital contributions. WyomingLLC includes a custom single-member Wyoming-specific operating agreement in the $397 package.

By Zawwad, Founder & CEO, WyomingLLC by Topslice LLC.

Last updated May 20, 2026

Why single-member LLCs need an agreement

  • Establishes LLC as separate entity from owner (corporate formalities)
  • Preserves Wyoming charging-order protection (Section 17-29-503)
  • Banks request during KYC
  • Courts rely on it in disputes and creditor actions
  • IRS may reference in audits
  • Supports asset protection arguments under alter ego doctrine

Typical structure

  1. Preamble: LLC name, formation date, registered agent
  2. Article I: Definitions
  3. Article II: Formation (Wyoming statute reference)
  4. Article III: Member identification and 100% ownership
  5. Article IV: Management (member-managed for single-member typical)
  6. Article V: Capital contributions
  7. Article VI: Allocations and distributions
  8. Article VII: Charging order is exclusive remedy (Section 17-29-503)
  9. Article VIII: Indemnification (maximum under Section 17-29-408)
  10. Article IX: Dissolution events (requires affirmative member vote)
  11. Article X: Tax treatment (disregarded entity default)
  12. Article XI: Foreign-owner provisions (Form 5472)
  13. Article XII: Miscellaneous (governing law, severability, amendment)
  14. Signature page

Length and complexity

Typical single-member Wyoming LLC operating agreement is 10 to 15 pages. Multi-member with investor protections can run 30+ pages. WyomingLLC's template is approximately 12 pages, balanced between comprehensiveness and readability.

Frequently asked questions

Can I download a template online?
Generic templates often miss Wyoming-specific charging-order language. Custom Wyoming version is in WyomingLLC's $397 package.
Does the LLC need to sign the agreement?
The member signs. The LLC is created by the agreement; it does not sign as a separate party.
Do I notarize the agreement?
No. Wyoming does not require notarization.
How do I update it later?
Amend in writing, sign, keep on file. No state filing required.

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