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Key Considerations in Creating an LLC Operating Agreement

Key Considerations in Creating an LLC Operating Agreement

January 25, 2022 at 9:12 AM - LLC,

You’ve decided to form a limited liability company (LLC) for your new business venture - congratulations. Now you must make a few key decisions about the LLC, such as choosing the state of formation and filing to register your entity. As we discussed in an earlier post, another basic step in the formation process is drafting an operating agreement (also known as an LLC agreement) which will include important provisions relating to the management and ownership of the business.

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The Basics of Forming an LLC

The Basics of Forming an LLC

November 22, 2021 at 12:28 PM - startups,

When forming a new business, a founder must make several important decisions upfront including what type of legal entity to select. Choosing the appropriate legal structure requires consideration of issues such as ownership structure, liability, profit distributions, tax treatment and capital raising, to name a few.

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Outside GC is an innovative approach to legal services for growing and mature businesses. Companies who engage Outside GC fall into two main categories: (1) those without in-house counsel who need regular, on-going legal support but do not wish to hire a full-time in-house lawyer, and (2) those with in-house counsel who do not wish to add more full-time resources to their existing in-house staff. Contact us to speak to one of our on-demand attorneys.