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Virginia LLC Operating Agreements (2)

A Virginia LLC operating agreement is a document that sets how a company will conduct its affairs and its relations among its members. It should cover the primary purpose of the business, appoint officers, outline the rights of certain members, and mention the company's ownership. All members must sign the document and retain a copy.
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By Type (2)

Single-Member LLC Operating Agreement – This would be the document to select to create a proper LLC if the business has only one owner/manager.

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Multi-Member LLC Operating Agreement – This document would be used in the event that there would be more than one contributing member in the company.

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State Definition

“Operating agreement” means an agreement of the members as to the affairs of a limited liability company and the conduct of its business, or a writing or agreement of a limited liability company with one member that satisfies the requirements of subdivision A 2 of § 13.1-1023.


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