Imagine there being a country without any laws? Or, think about a local school trying to operate without having any rules or processes? Without known laws, rules or processes, chaos and unrest results. The Operating Agreement for an LLC provides the order needed to run an LLC business. Order is absolutely necessary for the success [...]
Fly by night and scam businesses are everywhere. One way customers choose who to buy from is by insisting that the business is an official legal entity business such as a limited liability company (LLC). Some companies will only buy services from legal entities like the LLC(not sole proprietors). By setting up an LLC for [...]
The Limited Liability Company Operating Agreement is like the body of law for an LLC business. They exist to preserve order and prevent disruption and chaos which can be fatal to your business. There are some things that are so important to have in your Limited Liability Company Operating Agreement. WHO OWNS HOW MUCH OF [...]
An LLC without a written LLC Operating Agreement is like a country without any laws or rules. The result is anarchy and confusion. The ultimate fate is likely war which leads to expensive negotiations and likely business failure in the business world. A formal written LLC Operating Agreement will not only set but preserve order [...]