VRRP will be in init state when the corresponding VLAN does not have any active ports in it or if VRRP is globally disabled. 
The fact that you are getting this issue only when LACP is configured indicates that the LACP ports have not become part of the sharing group. 
Till the ports are added to the aggregator, the port will not be active in VLAN. Hence VRRP will be in INIT state.  
 Slot-1 X460-G2.4 # sh sharing
Load Sharing Monitor
Config    Current Agg     Min     Ld Share    Ld Share  Agg   Link   Link Up
Master    Master  Control Active  Algorithm   Group     Mbr   State  Transitions
================================================================================
   1:1            LACP       1     L2          1:1        -      A        2
================================================================================
show vlan v1
  Ports:   2.          
 (Number of active ports=0)
       Untag:    1:1g
So, we need to troubleshoot why LACP is not becoming active. 
Do you have LACP configured in the connected device?
https://gtacknowledge.extremenetworks.com/articles/How_To/How-to-verify-if-the-LACP-PDUs-are-receive... 
Hope the above article helps you to troubleshoot the LACP issue. Please let us know if we can help!