You probably didn’t start your company because you love legal paperwork. Most founders don’t. But at some point, usually ...

Operating agreements are pivotal in outlining a business’ financial and functional decisions. It’s the guiding document that bonds and legally protects business partners. Nonetheless, up-and-coming ...

Some corporate structures are required to create legal documents that outline basic information about the business, such as the purpose of the organization or how the company will operate. For ...

Only a few states require limited liability companies, or LLCs, to have operating agreements. But it is a good idea to have one. The operating agreement protects the limited liability status of the ...

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 ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Florida doesn’t require limited liability companies (LLCs) ...

In Texas, your operating agreement (also called a "Company Agreement") is the defining document that governs how your LLC operates. Unlike corporations, which must follow rigid state-imposed ...

A well-drafted Operating Agreement is crucial for restaurant LLCs, setting clear rules for ownership, management, and dispute resolution. However, even the best agreements can become a source of ...

You might reasonably think an operating agreement has to do with doctors, scrubbed-clean surgical suites and anesthesia. You might ponder whether one has something to do with a disclaimer you sign ...

We have received numerous comments from administrators that an attorney has recommended the involvement of a valuator during the formation of a hospital-physician venture such as surgery, imaging, ...