Single Member LLC Bylaws
Name: | [Your Name] |
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Company Name: | [Your Company Name] |
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Date: | [Date] |
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Article I: Name and Formation
Article II: Purpose
The purpose of the Company shall be to engage in lawful business activities permitted under the laws of the State of CA including but not limited to providing software development services, IT consulting, and technology solutions for small businesses.
Article III: Management
3.1: Management: The sole member of the Company shall have full authority to manage and control the affairs of the Company.
3.2: Appointment of Managers: The sole member reserves the right to appoint managers to assist in the management of the Company's affairs if deemed necessary.
Article IV: Decision-Making
4.1: Major Decisions: Major decisions affecting the Company, including but not limited to entering into contracts exceeding $10,000, obtaining loans exceeding $50,000, and selling assets worth more than $20,000, shall require the approval of the sole member.
4.2: Day-to-Day Operations: Day-to-day operations and minor decisions shall be within the discretion of the sole member without the need for additional approval.
Article V: Financial Matters
5.1: Capital Contributions: The sole member shall make initial and subsequent capital contributions to the Company as deemed necessary for its operations.
5.2: Profit and Loss Allocation: Profits and losses of the Company shall be allocated to the sole member in proportion to their ownership interest in the Company.
Article VI: Dissolution
In the event of dissolution of the Company, assets shall be distributed in accordance with the applicable laws of the State of CA, prioritizing payment of debts and liabilities.
Article VII: Meetings
The Company shall not be required to hold annual meetings as there is only one member. However, the sole member may convene meetings as deemed necessary.
Article VIII: Books and Records
The Company shall maintain accurate and complete books and records of its accounts, transactions, and affairs at its principal place of business.
Article IX: Amendments
These Bylaws may be amended by the sole member at any time by written consent or vote.
Article X: Governing Law
These Bylaws and the operations of the Company shall be governed by and construed in accordance with the laws of the State of CA.
IN WITNESS WHEREOF, the undersigned, being the sole member of the Company, hereby adopts and approves these Bylaws as the operating rules and procedures of the Company, effective as of the date first above written.
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