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Single Member Limited Liability Company LLC Operating Agreement Idaho Form

Single Member Limited Liability Company LLC Operating Agreement Idaho Form

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[Music] hi today we're gonna talk a little bit about single member LLC's and whether or not a single member LLC needs an operating agreement this is a question that has come up on the message boards and been submitted to us from time to time it's a good time for you to understand that relationship and whether or not you do indeed have to have an operating agreement from a perspective of somebody who has been a litigator for 20 years I'm going to tell you that yes you should have a written operating agreement the reason for that is and the reason you set up an LLC or any other corporate form is to protect you and your individual personal assets and your family's assets from any kind of a judgment or other action taken by an unsatisfied client or a regulatory body if you're in a state that's regulated we want to make sure that there's a clear line of separation between you and your business in order to preserve that insulati

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Idaho Secretary of State
How to start an LLC in Idaho

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