LLC Agreement (Single Member) (DE)
Parties can use this single member limited liability company (LLC) agreement for Delaware (DE). Typically, individuals use this document to govern the operation of an LLC. Sole member LLC agreements are typically basic short-form agreements because they bind only one party (the sole member). Therefore, sole members may modify or amend the agreement at the party’s sole discretion.
This LLC agreement is based on Delaware law, including the Delaware Limited Liability Company Act (the Delaware Act). The following include the principal reasons for basing this agreement on Delaware law:
- The Delaware Act has a strong influence on the LLC statutes in other jurisdictions.
- Delaware also has the most developed and most rapidly developing common law regime governing LLCs.
- Delaware statutory and common law provides for the greatest freedom of contract.
- Parties involved in large, complex transactions often form LLCs in Delaware.
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