(a) Unless otherwise provided by subsection (b) of this section, all members of a limited liability company may enter into an enterprise agreement that must not be written to settle the affairs of the company and its activities and to govern relations between members, officers and society. To the extent that the enterprise agreement does not see otherwise, this chapter governs the relationship between members, management and society. LLC-Filer in the state of West Virginia should first conduct a preliminary search of their chosen operating name in state records. In this way, it will be possible to confirm the availability of the name and ensure that no other company operates or has reserved it for future use. No no. Enterprise agreements are retained by THE members of the LLC. There is no need to submit this document to the WV Secretary of State. It`s recommended by the state. According to the WV Corporations Chapter 31B Sec. 1-103 code, all members of a West Virginia LLC can enter into a corporate agreement to settle the internal affairs of the company.

Every owner of West Virginia LLC should have a business agreement to protect the operation of their business. Although the state is not legally required by law, clear rules and expectations are established for your LLC, while consolidating your credibility as a corporation. We have partnered with a business lawyer to develop free business agreement models and a customizable enterprise agreement tool. Just sign up for a free business center account to get started. Whether you set up a single or multi-person LLC, your enterprise agreement should address all of the following topics. Some of these provisions will not have much influence on the actual operations of a single-headed LLC, but they remain important for reasons of legal formalities. (16) “enterprise agreement,” the Section 1-103 agreement on relations between members, directors and the limited liability company. The term contains changes to the agreement. After a larger corporate event, such as adding or losing a member. B.dem it`s a good idea to review and update the enterprise agreement. Depending on how your enterprise agreement is written, it may be necessary for some or all members to authorize a change to the document.

The West Virginia LLC Enterprise Agreement is a legal document that constitutes an agreement between contributing members of a company that must allow members to develop their own policies, which relate to how the company`s standard operating procedures allow the company to organize the business. The state of West Virginia does not require the filing of this document to conduct transactions within the state. However, without the use of this document, members may be personally financially vulnerable. With this document on site, the company is responsible in case of internal or judicial disputes of any kind, as this document separates the private assets from the commercial assets. No matter what type of West Virginia LLC you launch, you should create an operating contract. Here is the reason: (4) Elimination of the duty of good faith and fair trade in accordance with section 4-409 (d), but the enterprise agreement may set the standards by which the performance of the undertaking must be measured if the standards are not manifestly inappropriate; Once you have entered into your operating contract, you no longer need to submit it to your status. Keep it for your recordings and give copies to your LLC members. Create a free account with our business center to access business agreement templates and dozens of other guides and resources that are useful for your business.