Kentucky Single-Member LLC Operating Agreement for Bank Accounts
Generate a Kentucky-compliant Operating Agreement formatted the way banks actually request it — with your LLC legal name, EIN, registered agent, and ownership details laid out for easy verification.
Company Details
Must match the exact name filed with the Kentucky Secretary of State.
Registered Agent
Must have a physical Kentucky street address (no P.O. boxes).
Sole Member / Owner
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Operating Agreement
Single-Member Limited Liability Company — State of Kentucky
This Operating Agreement (the “Agreement”) is made and entered into as of October 5, 2026 by and between [Your LLC Name] (the “Company”), a single-member limited liability company organized under Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act), and [Your Name] (the “Sole Member”).
Company
[Your LLC Name]
Sole Member
[Your Name]
EIN
—
Formation Date
—
1. Formation
The Company was formed by filing Articles of Organization with the Kentucky Secretary of State on [date] under Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act).
2. Registered Agent
[Registered Agent Name], located at [Registered Agent Address], serves as the Company’s registered agent in Kentucky.
3. Management & Authority
The Sole Member manages the Company with full authority, including opening and maintaining bank accounts, entering contracts, and acting for the Company without further authorization.
4. Charging Order Protection
Under KRS 275.245, a charging order is the exclusive remedy for judgment creditors of a member, though the court may order a foreclosure sale of the charged interest if the charging order is insufficient to satisfy the judgment within a reasonable time.
5. Kentucky Compliance
Kentucky LLCs file an Annual Report with the Kentucky Secretary of State by June 30th each year, with a $55 fee. A Kentucky registered agent is required. State filing fee: $40.
6. Tax Treatment
The Company is a disregarded entity for federal income tax purposes (Treasury Reg. § 301.7701-3); the Sole Member reports income on Schedule C of Form 1040.
7. Governing Law
This Agreement is governed by the laws of the State of Kentucky, including Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act).
[Your Name] — Sole Member Signature
Date
Print Name: [Your Name]
Company Title: Sole Member / Manager
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Why Kentucky Banks Require an Operating Agreement
When you open a business checking account for a single-member LLC in Kentucky, banks like PNC Bank, Fifth Third Bank, Republic Bank, and Truist ask for your Operating Agreement for three key reasons: (1) to verify that your LLC’s legal name matches the name on your EIN letter from the IRS; (2) to confirm that you, as the sole member, have the authority to open accounts and sign for the company; and (3) to satisfy their Know Your Customer (KYC) and beneficial ownership documentation requirements under federal banking rules. Without an Operating Agreement, many branches will ask you to come back with one — or worse, open the account with missing documentation that delays transactions later.
Verifies
EIN & LLC legal name match
Confirms
Sole-member signing authority
Satisfies
KYC & beneficial ownership rules
How Kentucky Revised Statutes Chapter 275 Protects You
Kentucky single-member LLCs are governed by Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act). This statute gives your LLC a legal existence separate from you personally, which is the foundation of liability protection: business debts and lawsuits generally attach to the company, not to your personal assets.
An executed Operating Agreement strengthens that protection in two ways. First, it documents that you treat the LLC as a separate entity (separate finances, documented decisions, formal management structure) — which is exactly what courts look for when creditors try to “pierce the veil” and reach your personal assets. Second, it locks in the internal rules that govern the company under the statute, so there is never ambiguity about who owns or controls the business.
Kentucky Compliance Alert
Kentucky LLCs file an Annual Report with the Kentucky Secretary of State by June 30th each year, with a $55 fee. A Kentucky registered agent is required.
These obligations are administered by the Kentucky Secretary of State. The LLC formation filing fee is $40. Failing to stay in good standing can jeopardize the liability protection your Operating Agreement helps document.
Kentucky Single-Member LLC Operating Agreement FAQs
Does Kentucky require a single-member LLC to have an Operating Agreement?
No state, including Kentucky, legally mandates a written Operating Agreement for internal validity — but banks, lenders, and courts treat your LLC as far more credible when you have one. Under Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act), an Operating Agreement governs the internal affairs of the LLC, and financial institutions like PNC Bank, Fifth Third Bank, Republic Bank, and Truist routinely ask for it when you open a business checking account so they can verify your EIN, ownership, and signing authority.
Do I need an Operating Agreement to open a business bank account in Kentucky?
Most banks in Kentucky, including PNC Bank, Fifth Third Bank, Republic Bank, and Truist, will ask for your Operating Agreement (or a Certification of Formation) as part of their business account onboarding process. They use it to confirm that the person opening the account is authorized to act for the LLC and to match the LLC's legal name to its EIN. While technically a single-member LLC without an Operating Agreement can still open accounts, having one avoids delays, confusion, and re-visits to the branch.
Does Kentucky protect my LLC assets from my personal creditors?
Yes, in most cases. Under KRS 275.245, a charging order is the exclusive remedy for judgment creditors of a member, though the court may order a foreclosure sale of the charged interest if the charging order is insufficient to satisfy the judgment within a reasonable time. This means your personal judgment creditors generally cannot seize LLC assets directly or force a distribution — they are limited to distributions the LLC chooses to make. Note that this protection is strongest when the LLC is treated as a separate entity (separate bank account, documented records, and an executed Operating Agreement).
What are the annual requirements and fees for an LLC in Kentucky?
Kentucky LLCs file an Annual Report with the Kentucky Secretary of State by June 30th each year, with a $55 fee. A Kentucky registered agent is required. The state LLC filing fee is $40, paid to the Kentucky Secretary of State. Keeping your LLC in good standing — filings current and registered agent up to date — is essential to preserving the liability protection the Kentucky Revised Statutes Chapter 275 (Kentucky Limited Liability Company Act) provides.
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