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Single Member Managed LLC Operating Agreement
"I need a Single Member Managed LLC Operating Agreement for my new tech startup in Singapore, which will focus on AI software development and include provisions for potential future IP assets and international expansion plans starting March 2025."
1. Parties: Identifies the member and the company
2. Background: Context of company formation and purpose
3. Definitions: Key terms used tHRoughout the agreement
4. Formation: Details of company formation and registration requirements under Singapore law
5. Capital Contributions: Member's initial and subsequent capital contributions in accordance with Singapore Companies Act
6. Management: Management structure and decision-making processes for single member operations
7. Distributions: Rules for profit distribution and compliance with Singapore tax regulations
8. Transfer Restrictions: Rules regarding transfer of ownership and shares
9. Dissolution: Procedures for company dissolution under Singapore law
1. Additional Capital Contributions: Rules for future capital contributions when anticipating future funding needs
2. Intellectual Property: IP ownership and protection provisions when company owns or develops intellectual property
3. Employment Provisions: Rules regarding member employment when member will be employed by company
1. Schedule A - Initial Capital Contributions: Detailed breakdown of initial capital contributions and share structure
2. Schedule B - Company Assets: List of company assets at formation
3. Schedule C - Business Plan: Initial business plan and projections
4. Appendix 1 - Registered Address: Official registered address and contact details as required by ACRA
Authors
Articles of Organization
Business
Capital Account
Capital Contribution
Company
Companies Act
Certificate of Registration
Director
Distribution
Effective Date
Financial Year
Fiscal Year
Initial Capital Contribution
Law
Member
Membership Interest
Net Income
Net Loss
Officer
Percentage Interest
Person
Principal Place of Business
Profits
Registered Office
Singapore
Singapore Dollar
SGD
Secretary
Tax
Transfer
Working Day
Membership Interest
Capital Contributions
Management and Control
Rights and Powers
Meetings
Voting Rights
Distributions
Books and Records
Tax Matters
Transfer Restrictions
Additional Members
Dissolution and Winding Up
Confidentiality
Intellectual Property
Compliance
Representations and Warranties
Indemnification
Insurance
Banking and Financial Matters
Notices
Amendment Procedures
Governing Law
Dispute Resolution
Force Majeure
Severability
Entire Agreement
Assignment
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