Looking for an Operating Agreement for your West Virginia LLC?
You’re in luck today!
On this page, you can find an expert drafted operating agreement template which you can use and modify as per your business needs.
The template is available in both editable (DOCX) and fillable (PDF) format.
Before that, here are a few points you must know about this agreement:
Why Every LLC owner must execute an Operating Agreement
An operating agreement is a legal contract introduced by the members of the LLC, outlining how the overall business will be governed. It can be either oral, implied or written. But having a written agreement is always recommended as it memorializes the initial agreed terms and conditions.
As per the West Virginia state laws (§31B-1-101), it’s not mandatory for LLC members to draft an operating agreement. But it is highly advisable to incorporate one as soon as you form the LLC. A properly drafted agreement can save LLC members a lot of time and money later on.
The agreement acts as a rulebook that covers how the business will be governed, roles and responsibility of the members, capital contribution and distribution of profits.
In situations where any dispute arises between members, it can be resolved peacefully due to provisions in the agreement. Also, while opening a bank account or applying for a loan, most of the institutions would request for this agreement.
To make the drafting process easy for you, we’ve shared a sample West Virginia LLC operating agreement. You can download and edit it as per your needs.
Download West 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