There are two major LLC documents that you need in order to register your limited liability company: the Articles of Organization, and the LLC Operating Agreement. The serve different functions, but together they encompass virtually all of the crucial information …
As the name suggests, an LLC is a limited liability company, and those companies forming under the umbrella of this type of organization are afforded limited liability. This company design helps to keep the personal liability of a business owner …
In our last post about corporate bylaws, we discussed the role a corporation’s bylaws document has on the governance of the business. Today we’re going to outline the information provided in this document’s LLC counterpart, the Operating and Member Control …
In our last post, “Organizing Your Business Part 3: Corporations,” we looked at the different types for for-profit and nonprofit corporations. Now, it’s time to take a look at what makes LLCs different. LLC stands for Limited Liability Company. (Notice that …