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    ebrown20's Avatar
    ebrown20 Posts: 2, Reputation: 1
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    #1

    Apr 10, 2008, 10:02 PM
    What if You Don't 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.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Apr 11, 2008, 10:50 AM
    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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