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25 Mar 2020, 12:33 pm
The post Operating an LLC without an Operating Agreement appeared first on Rubric Legal. [read post]
28 Mar 2023, 12:00 am
If you are considering establishing your business as a limited liability corporation (LLC), then you are going to need an LLC operating agreement. [read post]
28 Jul 2021, 12:07 pm
What to Include in an LLC Operating Agreement Your LLC operating agreement does not have to be too lengthy to be effective. [read post]
3 Nov 2021, 1:21 pm
An operating agreement is crucial for situations where a fellow member of an LLC is not pulling his or her weight, or has a different vision for the business going forward and the client wants to know the process for removing that member or dissolving the LLC. [read post]
2 Jun 2011, 7:20 am
While many LLC Operating Agreements are silent on this point, it is a good idea to include so called Buy Sell provisions in the LLC Operating Agreement. [read post]
12 Jul 2018, 8:09 am
A major benefit of an LLC is that it limits liability going both ways: the LLC protects a member from business liabilities and the business assets from a member’s personal liabilities.
Without an operating agreement in place, the business may look like a sole proprietorship. [read post]
23 Apr 2012, 2:53 pm
Ideally, you should hire a business attorney who specializes in startup matters and LLC operating agreements to draft your LLC operating agreement. [read post]
30 Jan 2017, 3:34 am
In a nutshell, the three founding members formed and began operating the LLC in January 2012 with no operating agreement. [read post]
31 Oct 2013, 10:22 am
So, I’ve decided to share my thoughts on what these differences are and what should go into an operating agreement in a series of posts. [read post]
26 Oct 2012, 9:58 am
But since so many LLC’s go without operating agreements (against my advice), let’s look at the requirements under the New York LLC laws (Section 407 of the LLC law). [read post]
26 Jan 2008, 12:37 pm
Read Operating Agreement for LLC? [read post]
1 Sep 2010, 6:14 am
PUT YOUR OPERATING AGREEMENT INTO WRITING. [read post]
11 Nov 2019, 3:45 am
Where Did the Operating Agreement Go Wrong? [read post]
15 Feb 2013, 8:08 am
Probably the main reason why someone would go the LLC route to ‘S’ status is creditor protection. [read post]
15 Feb 2013, 8:08 am
Probably the main reason why someone would go the LLC route to ‘S’ status is creditor protection. [read post]
18 Jun 2010, 6:15 am
The LLC operating agreement is a document created when setting up an LLC which governs how the LLC is going to be maintained and operated (the LLC operating agreement is similar to a partnership agreement or corporate bylaws) says California Business Attorney Steven C. [read post]
19 Jul 2021, 4:41 am
If they wish, creative drafters of operating agreements, particularly those representing non-controlling members, might consider enumerating in the operating agreement those rights and duties the parties consider truly vital, contravention of which may provide grounds for dissolution under LLC Law 701 (2) permitting dissolution upon the “happening of events specified in the operating a [read post]
26 Dec 2012, 2:47 pm
In Nevada, there is no way to simply change from operating as a sole proprietor to an LLC or corporation. [read post]
8 Jun 2020, 3:50 am
Corporate shareholder and LLC operating agreements routinely contain provisions addressing the transfer of equity interests upon the death of an owner of a closely-held business. [read post]
29 Aug 2022, 2:16 pm
Second, the operating agreement’s buy-out clause doesn’t say who the LLC has to go to after the decedent’s death, as in Finlaw. [read post]
