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Declaration of Consideration of Value (This is the monetary amount for which the property is sold. If the property is being transferred without monetary value, it must state in the declaration paragraph 'why' it is exempt from transfer tax.)
An operating agreement is a document that outlines the way your LLC will conduct business. West Virginia does not require an operating agreement, but it is an essential component of your business.
In order to form a limited liability company (LLC) in West Virginia, you will need to name your company, choose a registered agent, and then file your articles of organization. Although an easy and affordable structure to form, it's important to be aware of the unique LLC requirements in the state of West Virginia.
The state of Washington doesn't require an LLC operating agreement being filed, so there's no specific information, responsibilities, or authorities you must include in the document. However, we always recommend using one for your internal management.
No, West Virginia does not require LLCs to have an Operating Agreement, but it is highly recommended. It is also legally binding, so members must follow the rules stated in the agreement.
Virginia does not require an operating agreement in order to form an LLC, but executing one is highly advisable.
The West Virginia Uniform Common Interest Ownership Act controls the creation, authority, management, and operation of common interest communities formed after July 1, 1986. This includes planned communities, condominiums, and real estate cooperatives.