Having an operating agreement isn't just something you do because everyone does it. It's a document that states how your business runs, who the decision-makers are, ownership, profit sharing, and how conflicts are resolved. Though not every state ...

Starting a business with someone else who believes in your vision is exciting, be it friends, family, investors, etc. But that excitement can fade fast when you're looking at an LLC operating agreement document. Now you have to decide who gets to ...

Before setting up a single-member LLC, the first thing you need to know is whether or not you actually need one in the first place. In this guide, we'll look at why sole-member business owners need a single-member LLC, how it works, and how to get ...

Does Every Business Need It? What Does It Cover? When you own and operate your own business, one of your greatest concerns is protecting your investment. While setting your business up as a corporation or limited liability company can safeguard your ...

Strategies to Maximize Safety of Personal Assets You've worked hard to build your business and provide for your loved ones. Unfortunately, it's a litigious world and you're always at risk of lawsuits. You want to take all the right steps to ensure ...

Can You Do It? How Easy Is It? What Do You Have to Do? When you first went into business for yourself, you may have been wearing just about every hat, handling everything yourself. At the time, it made sense to run the business as a sole ...

The Steps for Protecting Your Business as an LLC—Part One When you're establishing a new business venture, one of the most important decisions you'll make will focus on the legal structure or form of the business. A limited liability company, or ...

Combine the Benefits of an LLC with Those of an S Corporation If you're contemplating setting up a new business entity, you may think that you have to choose between establishing a limited liability company and receiving the tax benefits of an S ...

Complying with Texas Law in the Selection of Your Business Name If you're creating a new business entity in Texas and, after considering the different legal structures, you've decided to set up the enterprise as a limited liability company (LLC), ...

The Steps for Protecting Your New Venture If you're planning to start a new business and you've decided that a limited liability company is the best legal form, you want to make certain you take right steps to set one up under Texas law. Here's a ...