Tag Archives: operating agreement

 LLC Operating Agreement: Is a Non-Compete Clause Necessary?

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 prepare an operating agreement. The operating agreement is a contract which governs the operations of the LLC and sets forth the arrangements made...
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Does the “Corporate Veil” Really Protect Your Personal Assets?

If you’re starting a business, you may have started to do your homework to weigh your options for what kind of business entity you want to create.

You’ve likely considered the tax and non-tax implications for the different types of entities. If so, then you’ve probably also run across information on protections certain business entities afford...
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LLC’s… One Solution For Real Estate UH OH’S!!!

It's not uncommon for friends or business partners to get together and purchase a piece of investment property or even a vacation home with the idea of establishing a flow of rental income while also enjoying the appreciating value of the asset and deductibility of certain expenses. Although the merits of that kind of investment have become more problematic as a result of the deep recession, many people are still making these purchases by pooling their resources, intellectual capital, and their abilities.

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