Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

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.

A limited liability company (LLC) is a private company where the members or partners are allowed to gain some protection from liability, while passing taxes down as individuals. There are different ...

Consider the following hypothetical: The operating agreement of an LLC vests management authority in its two members. In practice, and by informal mutual consent, only one of the members actively ...

Members of limited liability companies (LLCs) are divided into managing members who actively participate in the day-to-day running of the business, and inactive members whose involvement with the LLC ...

LLCs are celebrated for allowing business partners to freely define their relationship by contract — i.e., the LLC operating agreement. The operating agreement generally covers all of the important ...

As I’ve written here repeatedly, my 30 years of practice in forming LLCs for my clients have totally persuaded me that if you’re an LLC lawyer: â The most important provisions you can include in the ...

Forbes contributors publish independent expert analyses and insights. At this point, the other members in the LLC may try to invoke a provision in the LLC's Operating Agreement that removes the debtor ...

Ambiguity in the tax law often provides opportunities for taxpayers. For nearly three decades, how earnings of a limited liability company (LLC) are reported for self-employment tax purposes has been ...

Serio v. Baystate Properties, LLC, 203 Md.App. 581, 39 A.3d 131 (March 8, 2012), and full Opinion at http://goo.gl/dMFww Builder, through his company, entered into a ...