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Operating Agreement XYZ LLC Regular, a Virginia Limited Form

Operating Agreement XYZ LLC Regular, a Virginia Limited Form

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the operating agreement a lot of people skip this because it's not required the problem is if you ever go to a title company to buy or sell real estate or maybe you're going to the bank you're trying to get a loan you're doing a real business transaction they're going to ask for your operating agreement why because you're supposed to have one the statutes in every state says your LLC should have an operating agreement and by the way the operating agreement is the document that says Hey I want this limited liability treatment and also if I've got Partners this is my partnership agreement that says how we're going to operate so it's critical that you do an operating agreement with your LLC

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