LLC Minority Member

Part 3 11 Tips Before Becoming an LLC Minority Member

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By Tricia Dunlap Esq. ~4 minute read Part 3 – LLC Education Series:  The Perilous Position of LLC Minority Members  Limited liability companies are highly popular, very flexible business entities.  They are cheaply and easily formed which unfortunately creates the illusion that lawyers aren’t necessary.  Au contraire.  The truth is that LLC’s can be a nasty trap for […]

Fiduciary Duties

Part 5 3 Fiduciary Duties That Make Your LLC Safer

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By Tricia Dunlap Esq. ~2 minute read See more videos and blog posts Part 5 – LLC Education Series  Fiduciary Duties:  The Responsibilities You Never Knew You Had  Good faith and fair dealing.  Loyalty.  Care.  Sometimes these seem like quaint concepts.  A throwback to a kinder era.  In reality, they are implied responsibilities and “fiduciary duties” that can […]

LLC operating Agreements

Part 4 Hotel California: An LLC Operating Agreement Gone Wrong

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By Tricia Dunlap Esq. ~2 minute read Part 4 – LLC Education Series  Hotel California: You Can Checkout but You Can Never Leave Relatively early in my legal career, a new client arrived with a terrible dilemma.  About a decade earlier, he and his buddy decided to invest in real estate. His buddy contributed more money, so my client […]