Operating Agreement Having a succession plan for your business is a good idea. When an LLC exists, it’s crucial to have an operating agreement. The terms of an operating agreement will typically trump the terms in a will and the default rules for an LLC governed by state law. In other words, an operating agreement... Continue Reading →
Does your LLC have a succession plan? Part 1
So what happens if you pass away without any type of succession plan for your business?
Where Should I Establish My LLC?
Some states claim to be the best states in which to establish an LLC. Wyoming, Nevada, and Delaware are a few names that I commonly hear. Be wary when you hear advice on where to establish an LLC. Chances are unless you’re doing business in one of these states, it’s unlikely they are the best... Continue Reading →