Monthly Archives: March 2017

Dissociation of LLC Member Does Not Discharge Them from Liability to LLC Members

Becoming a member in an LLC is a serious commitment and dissociation does not relieve the dissociating member from liability, whether the dissociation is voluntary or not. Continue reading

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Oral Agreements of LLC Members Can Be the Operating Agreement

A sole member of an LLC can also have an operating agreement, whether written, oral or implied. Continue reading

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Some Shareholders Have an Absolute Right to Inspect Corporation Records

Inspection rights are important to shareholders and directors. The corporation has an obligation to provide access to its records according to applicable law. Continue reading

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