An "owner" of a limited liability company ("LLC") is referred to as a "member." Is it possible (or wise) to have a limited liability company whose members include a minor? Consider the following...
LLC members' interests and rights...
As a starting...
Agreements that limit an individual’s ability to compete with a former employer have been controversial and the subject of much legislation and litigation. Such agreements are now getting the attention of federal regulators as well. Consider the following…
Non-compete agreements…
As...
New Jersey’s partnership law has recognized limited liability partnerships (“LLPs”) for quite some time. However, as of December 2000, the partnership law was revised and the revision made LLPs an even more attractive alternative to the general partnership (“GP”)...
Compared to corporation shareholders, members (i.e., “owners”) of limited liability companies (“LLCs”) are entitled to extensive information about their company. Consider the following...
By comparison…
In a prior e-newsletter, I discussed shareholder rights to information about their company. In short, New...
Can an unsigned agreement be binding?
Limited Liability Company Operating Agreements…
A limited liability company (LLC) operating agreement (OA) is, in the case of a multi-member LLC, an agreement of all the members of the LLC regarding the governance and...