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Blog Posts Tagged "operating agreement"

Forming an LLC? Don’t Forget to Have “The Talk”

About two-thirds of all new businesses in the U.S. start out as LLCs, or limited liability corporations. Entrepreneurs recognize that LLCs combine the protections of a traditional corporation with the operating flexibility that small businesses need. 

We’re big fans of LLCs, but they are not without potential pitfalls. When there are problems, it’s usually because the LLC members were in a hurry at the outset, and didn’t take advantage of all the safeguards and flexibility this business formation entity allows.

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The Best-Laid Plans of LLCs…Sometimes Turn into Disputes Between Members

The Limited Liability Company structure can be a great option for businesses; it combines the best of partnerships and corporations. Like corporations, members are not personally responsible for company debt.

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Five Ways to Save a Family Business for the Next Generation

It’s a harsh, but motivating reality - more than 70 percent of family businesses do not survive the transition from one generation to the next. While many family business owners dream that their legacy will survive deep into their family history, the idea that their long-term investment may not outlast them is a reality they should face … and work to protect against. With some smart and proactive measures, business owners can go a long way to protect against generational demise.

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