Single member LLC operating agreement
- Capital account at year end
- $47,000
- Computed on this page from the inputs below
- Draws taken in the year
- $48,000
- Computed on this page from the inputs below
- Set aside for tax
- $17,500
- Computed on this page from the inputs below
- Profit left in the company after draws and tax
- $4,500
- Computed on this page from the inputs below
Every figure on this page is computed from the inputs entered, by the method stated below it. LLC Lane publishes no clause text, no state fee, no tax rate and no vote rule: the thresholds and the set-asides are yours, and the defaults are a worked example to replace with your own figures.
Email me this result
We will send you these figures and a link back to them. One email, nothing else unless you tick the box.
The figures above start from a worked example ($47,000). Change any input and the answer updates as you type.
Download the Single member LLC operating agreement worked example (CSV)
This is a single member LLC operating agreement worksheet that keeps the company's money and the owner's apart in figures. The capital you contributed is the opening capital account; the year's profit adds to it; the monthly draw times the months of draws comes out of it; the share of profit set aside for tax stays in the company; and the capital account at year end is capital plus profit less draws. Every figure is yours; the worksheet publishes no clause text and no tax rate. Free, on the page, no account; the paid plan saves every year's worksheet against the company.
Draws, counted for the year
A single-member agreement usually lets the owner take a regular draw against profit, and the draw times the months is what came out: $4,000 a month for twelve months is $48,000. Written into the agreement as a schedule and kept as a figure, it is the difference between an owner's draw and a muddle in the accounts.
The tax set-aside, as a share you set
A single-member company's profit is usually taxed to the owner, and most owners set a share of profit aside for it before drawing. The worksheet takes the share as your own figure and shows the amount: 25% of $70,000 is $17,500. The rate is yours and your accountant's; the worksheet publishes none.
What stays in, and the capital account at year end
Profit less draws less the tax set-aside is what stays in the company for next year, $4,500 on the worked example; capital plus profit less draws is the capital account at year end, $47,000. The paid plan keeps every year's figures against the company so the account is a column, not a reconstruction.
LLC Lane Pro
Keeping what you make
The worksheets are free forever. Pro turns them into the record: every company's members and their shares kept and dated, every agreement and amendment filed against it with its status, your name and logo on the paperwork, no watermark, and an export when the accountant or the bank asks.
- Download as PDF
- No LLC Lane watermark
- Save every worksheet and reopen it later
- Your company name and logo on the paperwork
- Export every agreement and worksheet in one go
- Signature-due and annual-review reminders emailed to your members
- Connect your own Stripe account and get paid online
- Connect your QuickBooks Online or Xero
$12per month, every member
Start LLC Lane Pro Free for 14 days. No card needed. PricingThe first 14 days are free and no card is asked for. Add a card during the trial and the first charge is on the day it ends; do not, and your workspace becomes read-only with nothing deleted. Renews monthly at the price above until you cancel. We email you before any price change.
Single member LLC operating agreement: common questions
Is this a free single-member LLC operating agreement template?
It is a free worksheet, not a template: enter your capital, the year's profit, your monthly draw, the months and your tax set-aside, and it works the draws, the set-aside, what stays in the company and the capital account at year end on the page with no account and no card. It carries no clause text. LLC Lane Pro saves every year against the company.
Is a sole member LLC operating agreement the same as a single member one?
Yes, sole member and single member describe the same company: one owner holding 100%. The agreement's numbers are then the capital account, the draws and the tax set-aside, and this worksheet works them through the year from your figures.
Does a single-member LLC need an operating agreement?
Whether your state requires one, and what a bank or a court will want to see, is a question for your state and your attorney; this site does not answer it. What every single-member company benefits from regardless is a written draw and a capital account kept as figures, which is what this worksheet works.
How much should a single member set aside for tax?
Your own share, from your accountant: the worked example uses 25% to show the arithmetic and nothing more. It depends on the owner's other income, the state and how the company is taxed, none of which the worksheet knows or asserts.