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

An operating agreement is created in the context of a limited liability company, and it is used to define, among other things, the ownership interests, division of profits and losses, terms of withdrawal of members, dissolution of the company, and so on.  In contrast, a partnership agreement is created in the context of a partnership,...Read More