An LLC operating agreement isn’t required in most states, but it’s an important legal document for a business. Many, or all, of the products featured on this page are from our advertising partners who ...

Operating agreements are pivotal in outlining a business’ financial and functional decisions. It’s the guiding document that bonds and legally protects business partners. Nonetheless, up-and-coming ...

Last Thursday, with my colleague Amanda Nelson, I taught a two-hour webinar for 36 New Hampshire lawyers, sponsored by the New Hampshire Bar Association, on how to draft operating agreements for ...

If you own a limited liability company, you can own a subsidiary that is also an LLC. The parent company will be listed as the subsidiary's owner in the LLC papers. In addition, the subsidiary's LLC ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Effective Jan. 1, 2018, the Bipartisan Budget Act of 2015 ...

If you’re a member of a multi-member LLC, and especially if it’s manager-managed, here’s a reason you might want to check under the hood of your LLC agreement: if the business goes belly up amidst ...