As a member of an LLC, you may owe a fiduciary duty to the company. The two key fiduciary duties are the duty of loyalty and the duty of care. Whether you have
You and several friends start a new business and decide to operate it as a limited liability company (LLC). Now that you’ve completed the first step—choosing a business entity—it is now important to
Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model. However, they present different
You and your spouse live together, you work together, and chances are you spend a lot of your free time together. Having a successful marriage and business takes a lot of hard work
President Donald Trump is expected to sign H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (“CARES”), which passed the House on March 27, 2020, following several days of intense negotiations between
If you are considering starting or expanding a small business, you may be wondering where to get the funds to cover some of the necessary expenses. You may be considering outside funds or
Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance. But for some businesses, operations would come to a grinding halt without certain essential contributors—key
Determining who will manage the day-to-day affairs of your business is an important decision. Knowing this from the beginning is important for the success of your business, but also because your Limited Liability
Although the main purpose of a job description is obviously to describe a job, it also serves a much larger purpose. A well-written job description can improve a company’s ability to manage employees
Part 3—Involuntary Transfers In the third part of our three-part LLC Membership series, we're discussing involuntary transfers. To get caught up you can read our previous blogs on LLC Membership Overview and Voluntary
