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The Single Member Managed LLC Operating Agreement is designed for businesses seeking to establish a clear governance structure under English and Welsh law while maintaining operational flexibility. While LLCs are traditionally American structures, this agreement adapts the concept to align with UK legal requirements. It is particularly useful when establishing a single-owner business that requires formal documentation of management procedures, capital arrangements, and operational protocols. The agreement covers essential aspects including ownership rights, management responsibilities, capital contributions, profit distributions, and transfer restrictions, while ensuring compliance with UK company law requirements.

1. Parties: Identifies the member and the company

2. Background: Context of the agreement and company formation

3. Definitions: Key terms used throughout the agreement

4. Company Formation: Details of company structure and purpose

5. Management Structure: Member's rights and responsibilities in managing the company

6. Capital Contributions: Initial and ongoing capital requirements

7. Distributions: Rules for profit distribution

8. Transfer Restrictions: Rules regarding transfer of ownership