Virginia Single Member LLC Operating Agreement

DOCUMENT INFO
Shared By:
Tags:
Stats:
views:312
posted:12/20/2011
language:English
pages:10
Description: This Limited Liability Company (LLC) Operating Agreement outlines the operating procedures and policies of a single member LLC. An LLC is a flexible business entity that combines the benefits of a corporation and a partnership, and the operating agreement defines the member's rights, powers and entitlements. In a single member LLC, an operating agreement is sometimes used to prove in court that the LLC structure is separate from the individual member. This operating agreement contains many of the standard provisions commonly included in LLC operating agreements, and it may be customized to fit the specific needs of the individual forming the LLC. This document should be used by individuals located in Virginia when forming a single member LLC.