Operating Contract (Single Member) (Michigan)

The Operating Contract (Single Member) (Michigan) template is a legal document that outlines the terms and conditions that govern the operations and management of a single-member limited liability company (LLC) in the state of Michigan. It serves as a contract between the sole owner of the LLC and the company itself, providing a framework for how the business will be run, the rights and responsibilities of the owner, as well as the company's internal procedures and decision-making processes. The template may include provisions related to capital contributions, profit and loss distribution, voting rights, decision-making procedures, and management responsibilities, among other relevant aspects. It aims to protect the interests of the single owner while ensuring compliance with the applicable laws and regulations governing businesses in the state of Michigan.