A limited liability company operating agreement is an important document ... He has been profiled in the "New York Times," the "Washington Post" and in numerous online publications.

It’s a best business practice for every LLC to have an operating ... What states require LLCs to have operating agreements? California, Delaware, Maine, Missouri and New York are the only ...

A typical LLC operating agreement is a 10- to 20-page contract document that sets up guidelines and rules for the LLC. In states such as California, Missouri, and New York, it is mandatory to ...

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 ...

This article, written by litigators, is intended to inform drafters of the need for clearly delineated rights to indemnification, on one hand, and fee advancement on the other. In the limited ...

An LLC is not always required to have an operating agreement, but it's a bad idea to get rid of an existing one. The operating agreement is a consensus of the members on how the company should be run.

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal ...

When starting a limited liability company (LLC), an LLC operating agreement lays the foundational elements and operational guidelines of the company. Read on to learn why documenting this ...