Is a Virginia limited liability company (LLC) required to have officers?
The Virginia LLC laws do not require that a Virginia LLC have specific officers. However, the business world itself will generally require a Virginia LLC to have officers in most cases. For example, a bank will not allow an LLC to open a bank account unless the LLC has a duly appointed officer authorized to open the account and sign checks. Many times another company that wants to signe a contract with a Virginia LLC will require that a duly authorized “officer” sign on behalf of the LLC. It is recommended that at a minimum a Virginia LLC appoint a President, Secretary and Treasurer. One person can serve in multiple officer roles and that person can be a member of the Virginia LLC.
