Instead of operating as a sole proprietorship, you decided to take advantage of the personal protections of a limited liability company. Since you are the only member, you may not think you need an operating agreement.
New business owners may be worried about frivolous lawsuits
As a relatively new business owner, you know that you have to stay on top of every transaction that occurs with your company. You undoubtedly put up a lot of funds to get your business off the ground, and you do not want anything to jeopardize the operations you have going, especially until you can start turning a regular profit.
