Virginia Operating Agreement between NBC Internet, Inc. and Telocity, Inc.
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How to fill out Operating Agreement Between NBC Internet, Inc. And Telocity, Inc.?
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FAQ
Virginia does not require an operating agreement in order to form an LLC, but executing one is highly advisable.
The document required to form an LLC in Virginia is called the Articles of Organization. The information required in the formation document varies by state. Virginia's requirements include: Registered agent.
Your Virginia LLC operating agreement is a legal document that establishes rules for how your LLC will handle procedures like voting, allocating profits and losses, management, and even?should it ever come to this?dissolution.
The members of a limited liability company may enter into any operating agreement to regulate or establish the affairs of the limited liability company, the conduct of its business and the relations of its members.
LLCs in Virginia aren't required to have operating agreements, but at the SBDC, we think it's a good idea to have one. Our Operating Agreement download describes the documentation and includes two samples.