In the state of West Virginia, a West Virginia Single-Member LLC Operating Agreement is not legally necessary in order to function as a business within the state. However, it is strongly advised that this document is drafted up. The agreement needs to clearly state the rules that have been put in place as well as detailing the structure of the company. Details about the managing team members including their functions should also be included. This agreement will also protect the owner from any legal battles, helping to ensure that any individual possessions (ranging from properties to vehicles) may not be used to recover any debt that may be outstanding from the business.
Many owners try to put this off as it seems like a rather long and tedious document, even if it is an important one. This is why we would suggest using a West Virginia Single-Member LLC Operating Agreement Template which will already contain all necessary information and can be adjusted to your specific business.
Still looking for a particular template? Take a look at the related forms and templates below:
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