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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
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