Voting Rights in LLCs: Who Has a Voice?

Cari Rincker Business Law, Business/Commercial Law Leave a Comment

On average, 4 million new businesses are started each year in the United States. Many of those businesses are organized as limited liability companies (LLCs). Combining the benefits of a corporation and a partnership, an LLC protects its members’ personal assets from business liabilities, avoids double taxation, and provides flexibility regarding its operations, management, and financial and voting rights. While …

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5 Reasons Your Single-Member LLC Needs an Operating Agreement

Rincker Law Business/Commercial Law Leave a Comment

An operating agreement is a contract that controls your LLC’s operations as well as member interaction with each other and with the LLC. You may think that an operating agreement is not necessary for your single-member LLC – after all – why make an agreement with yourself? Is the Operating Agreement a Legal Requirement?  Most states don’t require an LLC …

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