Limited Liability Company Operating Agreement Single Member Template for United Arab Emirates

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Key Requirements PROMPT example:

Limited Liability Company Operating Agreement Single Member

"I need a Limited Liability Company Operating Agreement Single Member for my technology consulting business in Dubai, with specific provisions for intellectual property protection and the ability to establish multiple branches across the UAE by March 2025."

Document background
The Limited Liability Company Operating Agreement Single Member is a foundational document required when establishing a single-member LLC in the United Arab Emirates. This document becomes necessary following the introduction of single-member LLCs under UAE Federal Decree-Law No. 32 of 2021, which modernized the UAE's company formation framework. The agreement serves multiple crucial purposes: it establishes the company's governance structure, defines management roles and responsibilities, sets out capital requirements, and ensures compliance with UAE commercial law. It is particularly important for entrepreneurs, foreign investors, and business owners looking to establish a corporate presence in the UAE while maintaining sole ownership. The document must align with UAE legal requirements while protecting the interests of the single member and establishing clear operational guidelines for the business.
Suggested Sections

1. Parties: Identifies the Single Member as the sole owner and the LLC as a legal entity

2. Background: Sets out the context for establishing the LLC and the member's intention to govern its operation

3. Definitions: Defines key terms used throughout the agreement

4. Formation and Name: Details of company formation, trade name, and registered office

5. Purpose and Powers: Company's business objectives and authorized activities

6. Capital Structure: Details of share capital, payment, and valuation

7. Management Structure: Appointment of managers, powers, and decision-making processes

8. Member's Rights and Obligations: Rights, responsibilities, and obligations of the single member

9. Financial Affairs: Accounting, auditing, and financial management requirements

10. Distributions: Rules for profit distribution and capital returns

11. Transfer Restrictions: Regulations regarding transfer of shares and admission of new members

12. Dissolution and Liquidation: Procedures for company dissolution and asset distribution

13. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction

Optional Sections

1. Succession Planning: Used when specific inheritance or succession arrangements need to be documented

2. Branch Operations: Include when the LLC plans to establish branches in the UAE

3. Shariah Compliance: Include for businesses requiring adherence to Islamic law principles

4. Intellectual Property Rights: Include when the business involves significant IP assets

5. Employment Matters: Used when specific employment policies need to be incorporated

6. Related Party Transactions: Include when there are significant business dealings with related entities

7. Power of Attorney Provisions: Include when specific powers need to be delegated to managers or representatives

Suggested Schedules

1. Schedule 1 - Company Details: Details of trade license, registration number, and registered address

2. Schedule 2 - Business Activities: Detailed list of licensed business activities

3. Schedule 3 - Initial Capital Contribution: Details of capital structure and contribution

4. Schedule 4 - Management Appointment: Details of appointed managers and their authorities

5. Schedule 5 - Bank Account Authorities: List of authorized signatories and banking arrangements

6. Appendix A - Share Certificate: Template for the company's share certificate

7. Appendix B - Management Policies: Detailed operational and management procedures

8. Appendix C - Financial Procedures: Detailed procedures for financial management and reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Retail

Professional Services

Technology

Manufacturing

Trading

Real Estate

Consulting

E-commerce

Healthcare

Education

Food and Beverage

Construction

Marketing and Advertising

Financial Services

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Operations

Compliance

Administration

Corporate Secretariat

Business Development

Risk Management

Relevant Roles

CEO

Business Owner

Entrepreneur

Managing Director

Legal Counsel

Corporate Secretary

Chief Financial Officer

Operations Director

Compliance Officer

General Manager

Business Development Manager

Investment Manager

Company Formation Specialist

Corporate Governance Officer

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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