In Part 2 of the Limited Liability Company operating agreement, I discuss the way the LLC is different from the partnership or corporation because it is not bound by a lot of case law that imposes fiduciary duties. We assess John Cunningham’s strategy for understanding the LLC Act, and how it helps us to write an effective operating agreement.
Create An LLC
Maintain An LLC
- Author: Spencer
- Published: May 28th, 2009
- Comments: None
- Category: LLC Operating Agreement, Limited Liability Company compared to other entities
The Limited Liability Company Operating Agreement Part 2; Building The Agreement From The Issues
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As a business law attorney and founder of STARTright, Spencer Rose is the driving force behind STARTright, and the voice behind STARTright Talk. A graduate of Boston University School of Law, Spencer developed STARTright to help entrepreneurs navigate the waters of starting a new business, especially the legal and tax aspects. "Talk is my opportunity to write about all kinds of aspects affecting entrepreneurship and business building." Follow Me On These Services
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