Many reasons exist for members to want to dissolve a Limited Liability Company (LLC). For example, financial problems, lack of business, and disagreements might mean it is impossible to continue operations. While members can voluntarily dissolve an LLC, the members...
If you’re starting a company, you may wonder whether a Limited Liability Company (LLC) or a corporation is the better entity type to meet your needs. LLCs and corporations are both legal entities that allow business assets and the personal assets of the owners to be...
If you’re starting a business, you may wonder which entity is best for your needs. Limited Liability Companies (LLCs) are one of the most common structures used in business (LLC) for personal liability protection, tax benefits, and other advantages they offer. An LLC...
An operating agreement is the critical governing document used by a Limited Liability Company (an “LLC”). The Operating Agreement customizes the terms of a company according to the owners' needs. The Agreement outlines how business decisions will be made in a...
If you’re the sole owner of a limited liability company, you might question, “does a single-member Limited Liability Company (“LLC”) need an operating agreement?” What is a Single Member LLC? An LLC is a business structure offering limited liability protection and...
“Being from New York, everybody’s a point guard. Even when you play in the park, you’ve got to know how to handle the ball. If you can’t handle the ball, you can’t really play.” – Joakim Noah, Two-Time NBA All-Star
