Updated April 26, 2022
A Virginia multi-member LLC operating agreement is a legal document that provides the members of a company the opportunity to unanimously set forth company policies and procedures. The filing of this document, while not required by the state, is recommended as it creates a legal separation between the members’ personal assets and those of the business. This protects members from liability for claims brought against the business. The members may choose to work with an attorney to facilitate the completion of this document.