Docstoc Legal Agreements
This Limited Liability Company (LLC) Operating Agreement outlines the operating
procedures and policies of an LLC with multiple members. An LLC is a flexible business
entity that combines the benefits of corporations and partnerships, and the operating
agreement defines the members' rights, powers and entitlements. The agreement contains
information regarding the members' capital contributions, the registered agent, and the
LLC's purpose. 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 members forming the LLC. This document should be used when
forming an LLC located in Virginia with multiple members.
®
DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for general guidance and should be modified by you o r your
attorney to meet your specific needs and the laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or modified any
form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney -Client relationship. The information and forms
are not a substitute for the advice of your own attorney. Use of this document and our service are deemed to be your acknowledgement and agreement to
the following: The disclaimers and links on this page and the back page(s); our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), and
read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. You also agree that if you are not the person
using the document and services that you will provide such person(s) who will be with these front and back disclaimer pages. This document is not
approved, endorsed by, or affiliated with any State, or governmental or licensing entity.
Entire document copyright © Docstoc®, Inc., 2010 - 2013. All Rights Reserved
OPERATING AGREEMENT
OF ________________________ [INSTRUCTION: INSERT THE NAME OF
COMPANY],
LIMITED LIABILITY COMPANY
STATE OF Virginia
This Limited Liability Company Operating Agreement (the “Agreement”) of
_________________________________________ [Instruction: Insert the name of company]
a Virginia limited liability company (the “Company”) is entered into as of the _____ [Month]
_____ [Date], 20_____ [Year] by and between:
First Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Second Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Third Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
Fourth Member
________________________________ [Instruction: Insert the name of member], residing at
______________________________________ [Instruction: Insert the address of member]
(the “Member”)
[Instructions: Kindly add or delete above member sections as needed.]
In order to form a limited liability company pursuant to and in accordance with the Virginia
Code, [STATUTE] (the “Act”), the Members hereby agrees as follows:
1. DEFINITIONS.
a. “Articles of Organization” means the document filed with the Secretary of State
required to form a limited liability company in State of Virginia.
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2
b. “Fiscal Year” shall be from __________ through __________ [◊ Instruction: Insert the
start and end dates of the fiscal year, e.g., January 1 through Dece