Dr. Adrienne B. Haynes, Esq. When you start an LLC (Limited Liability Company), most states will require the preparation of an operating agreement. An operating agreement is an internal document that ...

An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal operations ...

Some people will set an LLC up on their own, and once they get their Articles of Organization with the Ohio Secretary of State back, they think, “Great. I’m done.” While confirmation that the LLC ...

Is a limited liability company a party to and bound by its own operating agreement? Many folks would say, “Yes, of course.” But it turns out the answer varies depending upon the law of the company’s ...

Forbes contributors publish independent expert analyses and insights. I cover Wealth Preservation in its legal permutations When drafting LLC operating agreements, lots of planners include clauses to ...