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?


Asked on 4/17/07, 6:32 pm

2 Answers from Attorneys

Bernard Dietz Law Offices of Bernard C. Dietz, PC

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.

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Answered on 4/17/07, 7:06 pm
Ruth Emily Kochard Ruth Emily Kochard, Counselor at Law

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.

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Answered on 4/18/07, 12:17 am


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