What if You Dont Have A Operating Agreement In Place?

Question

Apr 10, 2008, 09:02 PM

ebrown20

New Member

Join Date: Apr 2008

Posts: 2

What if You Dont Have A Operating Agreement In Place?

What if you don't have a operating agreement in place but I do have my name listed on the company's bank account. Am I legally recognized as one of the owners? I am from the state of Virginia.

Answers

Apr 11, 2008, 09:50 AM	#2

JudyKayTee

Expert

Join Date: Oct 2007

Location: NY State

Posts: 4,451

Quote:

Originally Posted by ebrown20

What if you don't have a operating agreement in place but I do have my name listed on the company's bank account. Am I legally recognized as one of the owners? I am from the state of Virginia.

No, plenty of accountants and bookkeepers have authority to sign checks, have their names on the bank accounts. Doesn't make them part owners.

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