Multi-Member LLC Operating Agreement Template - Virginia

If you need to ensure multiple individuals in charge of the same company are on the same page when it comes to the management of the entity, you should consider preparing a Virginia Multi-Member LLC Operating Agreement . This binding contract will determine the internal structure of the business and release the members of the board from personal responsibility for the debts the organization accumulates through its business operations - distribute copies of this document among the owners and update it whenever necessary.

You can find a Virginia Multi-Member LLC Operating Agreement template below - personalize it to your liking to avoid adhering to the default laws enforced by the state if you believe your organization needs a different approach. At a minimum, an operating agreement contains the identification of the owners, the list of the duties the members have to carry out, the provisions describing the correct allocation of revenue and stock, and the organizational clauses providing for the quick amendment of bylaws and changes to the structure of the entity.

Haven't found the template you're looking for? Take a look at the related templates and forms below:

• Starting a Business Forms and Templates;
• Corporation Forms;
• LLC Forms.