LexisNexis® Legal Newsroom
Why Do Members Need LLC Operating Agreements and What Should Be Included in Them? Part I of III

On October 23 rd , I participated in a panel discussion relating to the LLC operating agreements. This was a webinar on drafting LLC agreements conducted by Financial Poise , a provider of CLEs and informational webinars for accredited investors, executives, and their legal and financial advisors. Preparation...

What Should Be Included in LLC Operating Agreements? Part II

As I said in my recent post about LLCs, the internal governance of LLCs is largely determined by contract among the LLC members. This contract, called an operating agreement, is the centerpiece of each LLC. I strongly recommend every multi-member LLC to have a written operating agreement. The core elements...