Operating Agreement Llc Virginia Template

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Operating Agreement LLC Virginia Template

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Operating Agreement LLC Virginia Template (1)
Between:
[Name of the Member(s)]
[Member’s ID or Entity Type]
[Member’s Address]
[Member’s Phone]
[Member’s Email]
Introduction:
This Operating Agreement (“Agreement”) is made effective as of [Effective Date], by and between the Member(s) for the purpose of establishing a limited liability company in the State of Virginia.
Article I: Formation
The Member(s) hereby form a Limited Liability Company (“Company”) under the laws of the Commonwealth of Virginia. The name of the Company shall be [Company Name].
Article II: Purpose
The purpose of the Company is to engage in any lawful activity permitted by the laws of the Commonwealth of Virginia.
Article III: Term
The duration of the Company shall be perpetual unless dissolved in accordance with this Agreement.
Article IV: Management
The management of the Company shall be vested in the Member(s). Decisions shall be made by a majority vote unless otherwise specified.
Article V: Capital Contributions
Each Member shall contribute capital in the amounts as follows: [List Member contributions]. Future contributions shall be voted on by the Member(s).
Article VI: Distributions
Distributions of profits and losses shall be allocated to the Members in proportion to their respective capital contributions.
Article VII: Indemnification
The Company shall indemnify its Member(s) to the fullest extent permitted by law for any claims or liabilities arising from their role as Members.
Article VIII: Amendment
This Agreement may be amended only by written agreement signed by all Member(s).
Article IX: Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Virginia.
Executed in [City], [Date].
Sincerely,
[Signature of the Member(s)]
[Name of the Member(s)]
Operating Agreement LLC Virginia Template (2)
Between:
[Name of the Member(s)]
[Member’s ID or Entity Type]
[Member’s Address]
Introduction:
This Operating Agreement establishes the relationship among the Member(s) of [Company Name] effective as of [Effective Date].
Article I: Name
The name of the limited liability company shall be [Company Name].
Article II: Principal Office
The principal office of the Company shall be located at: [Company Address].
Article III: Purpose
The purpose of the Company is to conduct any lawful business as permitted under Virginia law.
Article IV: Member(s)
The Member(s) of the LLC are: [List Member(s) with details].
Article V: Management Structure
The Company shall be managed by its Member(s) in accordance with this Agreement and applicable law.
Article VI: Membership Interests
The ownership interests of the Members shall be as follows: [Detail ownership percentages].
Article VII: Financial Matters
Books and records of the Company shall be maintained and all financial matters governed under generally accepted accounting principles.
Article VIII: Dissolution
The Company shall be dissolved upon the occurrence of any of the following events: [Specify conditions].
Article IX: Entire Agreement
This Agreement constitutes the entire agreement among the Member(s) and supersedes any prior agreements.
Executed in [City], [Date].
Sincerely,
[Signature of the Member(s)]
[Name of the Member(s)]

Form

Please complete the form below to create the Operating Agreement LLC Virginia Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Operating Agreement LLC Virginia Template

1. LLC Information


2. Member Information


3. Purpose of the LLC

4. Management Structure

5. Meetings and Voting

6. Distributions

7. Indemnification

8. Amendment Procedures

9. Miscellaneous Provisions

10. Signatures and Acceptance

11. Declaration and Signatures




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Operating Agreement LLC Virginia Template

Printable | Editable Form




Operating Agreement Llc Virginia Template