Site: nolo.com
... The operating agreement, meanwhile, lays out the most important rules for how an SMLLC will be run. ... Instead, an operating agreement is optional—though recommended. ... Any good operating agreement is tailored to fit the specific needs of a particular LLC. ... For multi-member LLCs, a written agreement can be crucial to resolving disputes among members. ... However, for SMLLCs, too, an operating agreement is recommended. ... Single-Member LLC Operating Agreements ...