Starting a Limited Liability Company (LLC) is a popular choice for many entrepreneurs due to its flexibility and the personal liability protection it offers. However, many new business owners overlook a critical component that is vital for both the smooth operation and the future success of the business: the operating agreement. What is an Operating...Read More

It is a common misconception that a member of a limited liability company (LLC) in New York can be expelled – non-judicially or judicially – by the other member(s) of the LLC for cause, for any reason, on any basis, at any time. Eh, not so fast. Let’s visualize a flow chart here for a...Read More