Although relatively new to the legal world compared to other forms of legal entities, Limited Liability Companies (LLC ... your operating agreement. Since you started out as an SMLLC, your operating ...

The operating agreement also divides ownership into units, with each member owning ... or ranch as a single unit rather than sub-dividing it at each generation. A family LLC or a family limited ...

The tax structure of an LLC is also highly flexible. By default, a single-member LLC is treated ... and creating an Operating Agreement that outlines how the business will be managed.

New York's top court was sharply divided, with the majority ruling that said an LLC agreement governed by Delaware law superseded, by operation of its merger clause, a prior oral agreement between an ...

New York’s appellate courts are breaking new ground in 2025. Until a month ago, I would have said that “deadlock” most certainly ...

With apologies to the pseudonymous children’s book author Watty Piper, this is the story of a humble buy-sell provision in a family-owned ...

To buy stocks, an LLC must open and fund a brokerage account under its name. An LLC’s operating agreement should specify who can buy stocks on its behalf. Key findings are powered by ChatGPT and ...