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Tag Archives: operating agreement
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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Tagged Business, California Revised Uniform Limited Liability Company Act, corporate law, Entrepreneur, investments, Law, limited liability company, llc, LLC members, operating agreement, oral agreement, pierce the corporate veil, Small business, Starting a business
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No Formal Operating Agreement
Frequently members (i.e. the owners) of a limited liability company (LLC) do not enter into a formal operating agreement (the equivalent of the partnership agreement). If there is no formal operating agreement it does not mean that there are no … Continue reading →
LLC Partner’s Name is Not on Any Official Documents
Sometimes limited liability company (LLC) partners all sign their operating agreement but they then do not name all the partners in the official documents filed with the state authorities. Even worse, in some cases not all the partners are named … Continue reading →
