Single Member Manager Managed LLC Operating Agreement

Single Member Manager Managed LLC Operating Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Single Member Manager Managed LLC Operating Agreement adapted for Singapore law for my new tech consulting business, where I'll be the sole owner and manager, with initial capital of SGD 100,000 and potential plans to expand into software development."

Document background

The Single Member Manager Managed LLC Operating Agreement, adapted for Singapore's legal framework as a private limited company constitution, is essential for sole proprietors seeking to establish a formal business structure with limited liability protection. This document is particularly relevant when establishing a business where one individual will serve as both owner and manager. It details ownership rights, management responsibilities, capital contributions, profit distribution, and operational procedures, all while ensuring compliance with Singapore's Companies Act 1967 and related regulations.

Suggested Sections

1. Parties: Identifies the company and the sole member/manager

2. Background: Sets out the context and purpose of establishing the company

3. Definitions: Defines key terms used tHRoughout the agreement

4. Company Formation: Details of company establishment and registration

5. Capital Structure: Share capital details and contribution requirements

6. Management Rights and Responsibilities: Powers and duties of the manager

7. Operations and Decision Making: Day-to-day management procedures

8. Financial Matters: Accounting, distributions, and fiscal arrangements

9. Transfer Restrictions: Rules regarding transfer of ownership

10. Dissolution and Winding Up: Procedures for company termination

Optional Sections

1. Additional Capital Contributions: Procedures for additional funding when future capital needs are anticipated

2. Intellectual Property Rights: IP ownership and protection provisions when company owns or develops IP

3. Employment Matters: Employment policies and procedures when company plans to hire employees

4. Dispute Resolution: Procedures for resolving conflicts when specific dispute resolution mechanisms are desired

Suggested Schedules

1. Schedule 1: Company Details: Registration information and corporate particulars

2. Schedule 2: Initial Capital Contributions: Details of initial share capital and contributions

3. Schedule 3: Management Procedures: Detailed operational procedures and policies

4. Appendix A: Specimen Signatures: Authorized signatures for company documents

5. Appendix B: Form of Transfer Instrument: Template for share transfer documentation

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Professional Services
Technology
Real Estate
Retail
Manufacturing

Relevant Teams

Legal
Finance
Operations
Corporate Secretarial
Executive Management

Relevant Roles

Business Owner
Managing Director
Company Secretary
Chief Executive Officer
Entrepreneur

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