Looking for an operating agreement template for your Virginia LLC?
We’ve got you covered. On this page, you can download an expert drafted operating agreement. You can download it and suit it as per your needs.
But before that:
Do LLCs really need an operating agreement in Virginia?
By state laws, LLCs in Virginia do not require an operating agreement. But not drafting agreement means that the default rules set in Virginia LLC laws will be applicable for such LLC. And that may not be in the best interest of the business.
An operating agreement can either be oral or written. But a written agreement is always recommended as it safeguards the members from he-said / she-said situation. It also protects the personal assets of the member(s) as it clearly separates the business and personal interest of the member(s).
A properly written operating agreement covers the internal operation of the business including the duties and obligation of each member. It also mentions the capital contribution of each member, how profits/laws will be distributed, voting rights, and details on the process of buying out membership interest.
On this page, we’ve shared a generic template of Virginia LLC Operating Agreement. You can edit it accordingly and customize it as per your requirement.
Note: It’s always a good idea to get the agreement checked by a professional business attorney.
Download Virginia LLC Operating Agreement (PDF/DOC)
Based on the type of your LLC, download the relevant document.
Disclaimer: The document is shared for reference purpose only. We disclaim all liability and responsibility arising from any reliance placed on the information shared. We encourage you to consult a professional business attorney to get a professional agreement made.
Last Updated: 04/01/2019