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Single Member Limited Liability Company LLC Operating Agreement South Dakota Form

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Single Member Limited Liability Company LLC Operating Agreement South Dakota Form

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hey guys Taylor Mathis here the KEYTLaw girl, marketing director and legal assistant at KEYTLaw. Today I'm going to tell you guys the two biggest reasons your sole member LLC must sign your operating agreement, and I have to mention remember to like this video, comment on this video if you found it helpful, and be sure to subscribe to our channel for more videos like this one we upload new content every week to assist with your legal needs! So there are two reasons a sole member of an LLC should sign an operating agreement. Reason number one when courts are asked to pierce the company veil and hold a sole member allowable for the debts of the LLC one of the factors that counts against the member is the lack of an operating agreement. If you don't have a signed operating agreement it looks like you're treating your business like a hobby instead of a business. And reason number two to set the rules that govern the operation of the company if the sole owner were to

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