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When you own or co-own a limited liability company, it's important to have a valid written operating agreement that covers the rights and responsibilities of the members (equity owners), managers, and …
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When you own or co-own a limited liability company (LLC), you enjoy a lot of flexibility running the business if you have the right operating agreement in place.Unfortunately, what was good for …
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If you own multiple limited liability companies or corporations are you commingling the businesses?If so, you expose these ventures to unnecessary legal dangers.For example, a court might …
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If you set up a limited liability company (LLC) or corporation for your existing business, what does the new entity own?Too often, the answer is nothing.How does that happen?Your sole …
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If you run your business properly as a limited liability company (LLC), you can shield your personal assets from most claims arising from your venture. However, there are important exceptions to this …
Continue Reading about LLC Member Personal Liability Exposure: What You Need To Know →
The Difference Between An LLC Operating Agreement and Corporate Bylaws One of the essential business contracts for a limited liability company, an LLC operating agreement (also known as an LLC …
