An LLC Operating Agreement –  Essential to Success

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If your small business is structured as a limited liability company, then the cornerstone of your success is a well-written and signed operating agreement (“OA”).             What is a LLC Operating Agreement? An OA is a written agreement among the LLC’s members that governs (i) your obligations to one another and (ii) how the LLC […]

What Exactly IS an LLC, Anyway?

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First, a little bit of simplified history helps explain the context around LLC’s.  I know.  Bear with me. Before LLC’s emerged in the late 1990’s, businesses generally fell into two categories:  corporations and “unincorporated entities” (either a sole proprietorship (if solo) or a general partnership). Corporations are taxed separately from their owners and are subject […]