An Iowa single-member LLC operating agreement is a legal document used by a single individual who owns and operates a limited liability company (LLC) in Iowa. This agreement outlines the rules, regulations, and daily operations of the LLC. Typical details include distributing profits, decision-making procedures, and protocols for potentially dissolving the company. While it is not mandated by the state, having an operating agreement provides liability protection and separates the owner’s personal and business assets.
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