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The Business Companies Act of the British Virgin Islands 2004 is a crucial piece of legislation that governs the formation, management, and operation of companies in the territory. It simplifies the business registration process and outlines the rights and duties of companies and their members. This Act ensures compliance with international standards, making the Virgin Islands a desirable location for business. Understanding this legislation is vital for any LLC member considering a Virgin Islands Resolution of Meeting of LLC Members to Increase the Number of Members and Specify the Conditions of Membership.