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LLC Better Than A Corporation - Real Example
A corporation's share structure can ensure that a bad business partner both puts you at greater risk and gets something for nothing. Stay with an LLC to ensure fair distributions of equity and total protection.
The Limited Liability Company Operating Agreement Part 2; Building The Agreement From The Issues
In Part 2 of the Limited Liability Company operating agreement, I discuss the way the LLC is different from the partnership or corporation because it is not bound by a lot of case law that imposes fiduciary duties. We assess John Cunningham's strategy for understanding the LLC Act, and how it helps us to write an effective operating agreement.
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