After all, the sooner business begins the better. Which leads many LLC members to ask: Do I really need to write an operating agreement? Fair enough. No one wants to compose a lengthy, complicated ...

In In re 301 W North Avenue, LLC, 2025 WL 37897 (Bankr. N.D. Ill. 2025), a bankruptcy court recently addressed provisions in a loan agreement ...

Fact checked by Skylar Clarine Reviewed by Ebony Howard A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by ...

A Receiver For Your LLC? — covered the basics of court-appointed receivers acting on behalf of an LLC. It is always worth keeping ...

QUESTION: What is an LLC operating agreement, and what provisions does it typically include? Know the Law is a biweekly column sponsored by McLane Middleton. Questions and ideas for future columns ...

The family LLC's operating agreement defines and restricts rights related to ownership, functional decision making, and transfer of assets. A family LLC can be formed for legal business purposes ...

To buy stocks, an LLC must open and fund a brokerage account under its name. An LLC’s operating agreement should specify who can buy stocks on its behalf. Key findings are powered by ChatGPT and ...

So you have a new business, what form should it take? Is an LLC better than a corporation? Or maybe a sole proprietorship or ...

New York's top court was sharply divided, with the majority ruling that said an LLC agreement governed by Delaware law superseded, by operation of its merger clause, a prior oral agreement between an ...

You'll need to provide an operating agreement, EIN, revenue details and your date of birth to open an LLC bank account. Many, or all, of the products featured on this page are from our advertising ...