Jurisdiction: Delaware
Description
LLC Agreement (Single Member) (DE)
Summary
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.
Details
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.
Additional Documents
Legal Disclaimers
Important Legal Disclaimers
Helix Compliance, LLC (“Helix”) is not a law firm, and Helix’s employees and representatives are not acting as your attorney. Helix provides a technology-based platform for those seeking to prepare their own legal documents. Using Helix’s system-generated documents does not create an attorney-client relationship between you and Helix or any Helix employee or representative. Therefore, your communications with Helix do not constitute privileged communications. Likewise, neither the attorney-client privilege nor the work product doctrine protect your communications with Helix. Helix is not your lawyer in any way, shape, or form.
Using Helix’s documents is not a substitute for the expertise of an attorney. Thus, you should not use Helix’s system-generated documents as a substitute for legal advice. Additionally, you should not construe Helix’s system-generated documents as legal advice. Helix does not review any information provided to it for legal accuracy or sufficiency. Helix does not apply the law to the facts of your situation, and Helix does not draw legal conclusions. Further, Helix does not provide opinions about your selection of documents. Users seeking legal advice should consult a qualified licensed attorney.
Even though Helix seeks to ensure that document content is up-to-date, laws change rapidly. Therefore, Helix does not guarantee that each document is completely current. The law differs in each legal jurisdiction and may be applied differently depending on your factual circumstances. If you are unsure whether your situation requires a specific document or whether the document’s contents are legally sufficient for your specific purposes, you should consult a qualified licensed attorney.
Comments from the Author
LLC Agreement (Single Member) (DE)