What is required to start an LLC in Virginia?

You should expect to provide the following information: LLC Name. LLC's Physical Address (the state will not accept a PO Box) Registered Agent's Name, Physical Address, and Type (i.e., LLC member/manager, attorney, authorized professional registered agent company)

US Legal Forms
Forms Kit
Bill of Sale
Multi-State
Retail Installment Contract or Agreement

Retail Llc Contracts With Paving Inc In Virginia

Q: Do I need an operating agreement for my LLC in Virginia?

Ing to VA Code 13.1-1023 (2019), an operating agreement isn&#039;t actually required in Virginia and if you have one, it need not be in writing. But don&#039;t be fooled. Having a strong operating agreement on paper is essential for your LLC.

Category:

Contracts - Retail Installment

State:

Multi-State

Control #:

US-002WG

Format:

Instant download

Description

The Retail Installment Agreement is a legal document outlining terms for financing a purchase between a seller and a purchaser in Virginia. Key features include the total purchase price, interest rate, payment terms with monthly installments, late fees, and a purchase money security interest in collateral securing the loan. Important sections detail the events of default, allowing the seller specific remedies such as declaring the full balance due and taking possession of collateral. Additionally, the agreement includes a disclaimer of warranties, stipulates modifications must be written, and governs under Virginia state laws. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear and structured method for formalizing retail transactions. It can facilitate compliance with state laws and help in managing financial obligations, thereby fostering sound legal practices in retail agreements.

Example of retail installment contract

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FAQ

Separate legal entity. An LLC is a legal entity that is separate from the owner in the eyes of the law. This means your LLC is held accountable for its actions when entering into agreements or contracts, acquiring debts or otherwise taking on business obligations.

You should expect to provide the following information: LLC Name. LLC's Physical Address (the state will not accept a PO Box) Registered Agent's Name, Physical Address, and Type (i.e., LLC member/manager, attorney, authorized professional registered agent company)

Ing to VA Code § 13.1-1023 (2019), an operating agreement isn't actually required in Virginia—and if you have one, it “need not be in writing.” But don't be fooled. Having a strong operating agreement—on paper—is essential for your LLC.