The Virginia limited liability company operating agreement when the members of a company have agreed on how the company will be run and the policies and rules by which it will be governed. This establishes the protections afforded to the members by the company. Quite a few topics will need to be covered ranging from the company’s day-to-day operations to the management power of each member (or owner).
When developing the content of this document, it is important to keep in mind that the more definitions regarding the member powers, financial responsibilities, and hierarchy of the company the less possibility for confusion or heresay in the future. Members still must submit the articles of organization required by Virginia but will not need to submit this to a state government office unless it is requested.
Templates (5)
eForms.com Version
LLCUniversity.com Version
eSign.com Version
NorthwestRegisteredAgent.com Version
HowToStartAnLLC.com Version
