What Is A Limited Liability Company’s (LLC) Registered Agent (RA)?
In this video, we unmask the concept of a Limited Liability Company’s (LLC) Registered Agent (RA) and provide a comprehensive understanding of the crucial role they play in the functioning of an LLC. Whether you’re a business owner or simply curious about the inner workings of an LLC, this video is a valuable resource. Join […]
Who Owns A Limited Liability Company (LLC)?
In this video, we explore the intricacies of ownership within a Limited Liability Company (LLC) and provide a comprehensive understanding of who exactly owns an LLC. Whether you’re considering forming an LLC or simply curious about business structures, this video will shed light on the ownership dynamics of an LLC. Join us as we delve […]
How To Form A Limited Liability Company (LLC)?
In this video, we provide a step-by-step guide on how to form a Limited Liability Company (LLC), making the process clear and accessible for aspiring entrepreneurs and business owners alike. If you’re looking to establish an LLC and want to navigate the intricacies of the formation process successfully, this video is a must-watch. Join us […]
Are your LLC Interests Actually Securities?
Securities law is a complex minefield that terrifies even the most seasoned lawyers. As a small business owner, it is your responsibility to make sure you’re complying with all the securities laws, both federal and state, that may apply to your business. Most people think that only corporate stock qualifies as securities, but did you […]
What Is The Difference Between an LLC and an LLP?
If you are starting a new business, the business entity you set up will affect the extent of personal liability, how the business is taxed, its management, the level of formality required, and many other factors. There are a lot of options, which can make this decision overwhelming. Limited liability companies (LLCs) and limited liability […]
LLC Members: What You Need to Know about Your Fiduciary Duties
As a member of an LLC, you may owe a fiduciary duty to the company. The two key fiduciary duties are the duty of loyalty and the duty of care. Whether you have a fiduciary duty will depend on the LLC’s management structure and whether you have management responsibilities. Understanding your duties is essential to […]
LLC Operating Agreement: Is a Non-Compete Clause Necessary?
You and several friends start a new business and operate it as a limited liability company (LLC). Now that you’ve completed the first step—choosing a business entity—it is essential to prepare an operating agreement. The operating agreement is a contract that governs the operations of the LLC and sets forth the arrangements made among the […]
LLC Management: Who Should Run the Shop?
Determining who will manage the day-to-day affairs of your business is an important decision. You need to know, at the outset, who will manage operations, both for the success of your business and because the Limited Liability Company (LLC) operating agreement demands it. LLC operating agreements are very flexible, and the management structure can be […]
Transferring LLC Membership Interests Part 3—Involuntary Transfers
An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or a triggering event outside of the member’s control. An individual or entity obtaining a membership interest because of an involuntary transfer usually cannot fully step into the shoes of the transferring member. This statutory protection—often called a pick […]
To LLC or Not to LLC, That is The Question!
One of the questions that I get asked often, is “do I really need an LLC”? Like a good attorney, my answer is, “it depends.” The choice of whether or not to form an LLC depends on a number of factors. You should review your goals with a licensed attorney in your state to make […]
