Assume that a debtor is a member of a three-person Limited Liability Company (LLC). All the members have management rights. The debtor then files for bankruptcy -- What happens? At this point, the ...

When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

Limited liability company owners, or members, set up single- or multi- member LLCs to reap benefits enjoyed by other business entities such as limited liability protection. LLC members must endorse ...

Instead of shareholders or partners, a Limited Liability Company has its own term for owners, calling them members. The business structure of an LLC is known for its flexibility, and the role of LLC ...

As limited liability companies (LLCs) continue to become more prevalent, courts have begun to consider the extent to which members may waive fiduciary obligations. As limited liability companies (LLCs ...

A limited liability company (LLC) is a business structure combining the tax advantages of a partnership with the liability protections of a corporation. Many, or all, of the products featured on this ...

Litigation between and among members in a limited liability company (LLC) can be, to say the least, complicated. Disputes over money usually are, but when a minority group of members believe that they ...

Natalie Cusson is a small business owner with over 15 years experience in the creative arts. She's worked on ad campaigns for many trusted brands such as Nike, Subaru, Polaris, Red Bull and ...