Clik here to view.
LLC Shareholder/Member Meeting Requirements
While corporation owners are called “shareholders”, LLC owners are called “members”. Both a shareholder and a member own a piece of the corporation or LLC. Typical corporations will have three levels...
View ArticleClik here to view.
Adding a Member to a Single-Member LLC
Adding a member to an LLC is straightforward, but there are slightly different considerations when you add a new member to a single-member LLC. You will not need to re-register your LLC with the state,...
View ArticleClik here to view.
What to Include in the LLC Operating Agreement
Though not all states require an operating agreement and none require you to file it, this document may be the most important one for your limited liability company. The operating agreement governs the...
View ArticleClik here to view.
Member-Managed vs. Manager-Managed
A decision you must make when starting a limited liability company is whether your LLC will be member-managed or manager-managed. Though you may change your mind later, it is better to think about your...
View ArticleClik here to view.
When LLC Owners Can Be Liable
A key benefit of limited liability companies is that the owners (or “members”) receive limited liability; that is, they can usually not be held personally liable for the debts of the LLC. In addition,...
View Article
