Contact Us
Subscribe to this blog via RSS
Join us on LinkedInCategories
- Tax Credits
- Tax Incentives
- Compliance
- Income Tax
- Americans with Disabilities Act ("ADA")
- Liability Waivers
- Taxation
- Corporate
- Employment Law
- Litigation
- Municipal Liability
- Small Business
- Business Entities
- Corporate and Business Tax
- Mergers and Acquisitions
- Closely Held Businesses
- Sales and Dissolutions
- Business Formation and Planning
Showing 2 posts from April 2013.
Three Provisions You Cannot Operate Without In Your Operating Agreement
I previously discussed the importance of LLC operating agreements. Let's now examine three specific provisions that you should consider for inclusion into your agreement. More >
The LLC's Most Important Document: The Operating Agreement
Deciding on the entity form to use for your business depends on a number of factors, but for many entrepreneurs, an LLC is the best fit. An LLC is a hybrid entity as it provides liability protection similar to a corporation and favorable income tax treatment similar to a partnership. If you are starting or currently operating a business through an LLC, your most important organizational document is the agreement between you and your partners: the Operating Agreement. An operating agreement establishes the internal operations of the business in a way that suits the specific needs of the business owners. Once signed by the members of the LLC, it is an official binding contract. More >
