Legal Question in Business Law in Virginia
forming an LLC
Can we form an LLC in Virginia without designating ownership, and when we determine who is to own what submit the change later?
2 Answers from Attorneys
Re: forming an LLC
Yes, you can do that. When you form the LLC, you only need to specify the "organizer," who may or may not be an "owner" now or later, and a registered agent which should be an attorney if you're not sure about ownership at the time of formation. The Operating Agreement should specify ownership (and many other things) and that does not get submitted to the Commonwealth. I have more information about this on my website, DietzLawFirm.com, or contact me directly if you have other questions.
Re: forming an LLC
Yes, you can form an llc as such information is not required on the articles that are filed with the State. However, your operating agreement should detail ownership and you should do so at the time of formation. This also may be later amended.
Related Questions & Answers
-
Contract Dispute Is there any legal stipulation that nullifys a legal contract based... Asked 4/14/07, 12:50 pm in United States Virginia Business Law
-
Taking money out of you paycheck I work for a company that has a contract with... Asked 4/13/07, 8:07 am in United States Virginia Business Law
-
What is Required in VA? I own a small construction sole proprietorship company. I am... Asked 4/12/07, 10:55 am in United States Virginia Business Law