Single-Member LLC Operating Agreement Draft

Generated: 2026-05-05

Draft for counsel/CPA review. Do not treat this as legal advice.

Operating Agreement of Malca Yenta Networks LLC

This Operating Agreement is entered into as of [DATE], by Sam Treitel, the sole member of Malca Yenta Networks LLC, a Delaware limited liability company.

1. Formation

The Company was formed as a Delaware limited liability company by filing a Certificate of Formation with the Delaware Secretary of State.

2. Name

The name of the Company is Malca Yenta Networks LLC.

3. Principal office

The principal office of the Company is 589 Hook Street, Valley Stream, NY 11581, or another location determined by the Member.

4. Registered agent

The Company's registered agent and registered office in Delaware are as listed in the Company's Certificate of Formation and state records.

5. Purpose

The Company may engage in any lawful business activity for which a Delaware limited liability company may be organized, including development and operation of SMS-based community information services and related technology, media, sponsorship, and licensing activities.

6. Product and trade names

The Company may operate products, services, and trade names including LevSMS, LevGroup, NW Pulse, and related brands, subject to applicable filings, permissions, and trademark review.

7. Sole member

Sam Treitel is the sole member of the Company and owns 100% of the membership interests unless amended in writing.

8. Management

The Company is member-managed. The Member has full authority to manage, operate, bind, and make decisions for the Company.

9. Capital contributions

The Member may contribute cash, property, services, or other assets to the Company. No additional contribution is required unless the Member decides otherwise.

10. Profits and losses

All profits and losses are allocated to the Member.

11. Distributions

Distributions may be made to the Member at times and in amounts determined by the Member, subject to applicable law and Company obligations.

12. Books, records, and bank accounts

The Company will maintain books and records appropriate for its business. Company funds should be held in accounts separate from the Member's personal funds.

13. Tax treatment

Unless the Company elects otherwise, it will be treated as a disregarded entity for federal income tax purposes while it has one member.

14. Intellectual property

Company-created or Company-acquired intellectual property, software, documents, phone numbers, domains, brand assets, customer lists, and operational systems belong to the Company unless otherwise documented.

15. Liability

The Member is not personally liable for Company debts solely by reason of being a member, except as required by law or personal guarantee.

16. Transfers

No membership interest transfer is effective unless approved in writing by the Member and reflected in Company records.

17. Dissolution

The Company may be dissolved by written decision of the Member or as otherwise required by law. Upon dissolution, Company assets will be applied to obligations first, then distributed to the Member.

18. Amendments

This Agreement may be amended by written decision of the Member.

Signature

Member:

Sam Treitel

Date: ______