» What's Missing from Your Operating Agreement?

Does Your Operating Agreement Address a Situation Where a Buyer Wants to Purchase a Controlling Stake in the Business From Some, but Not All, of the Existing Members?

Does Your Operating Agreement Address a Situation Where a Buyer Wants to Purchase a Controlling Stake in the Business From Some, but Not All, of the Existing Members? Welcome, dear readers, to the landmark 20th article in our comprehensive series exp… Read More
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Does Your Operating Agreement Address When Most, but Not All, of the Members Want to Sell Their Ownership Interests to a Buyer?

Does Your Operating Agreement Address When Most, but Not All, of the Members Want to Sell Their Ownership Interests to a Buyer? We’re thrilled to have you with us for the 19th installment of our business essentials guide! You’ve journeyed with us… Read More
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Does Your Operating Agreement Require Members Actively Involved in the Business to Assign to the Company All Intellectual Property They Create in the Course of Business?

Does Your Operating Agreement Require Members Actively Involved in the Business to Assign to the Company All Intellectual Property They Create in the Course of Business? Welcome, dear readers, to the 18th piece in our comprehensive series about opera… Read More
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Does Your Operating Agreement Clarify Outcomes When an Employee-Member is Terminated?

Does Your Operating Agreement Clarify Outcomes When an Employee-Member is Terminated? Welcome back, dear reader, and thank you for joining us on this informative journey. We have arrived at our 17th piece, and your dedication and feedback have been i… Read More
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Does Your Operating Agreement Have Restrictions for Competition, Solicitation, and Disclosure?

Does Your Operating Agreement Have Restrictions for Competition, Solicitation, and Disclosure? Welcome, valued readers, to our 16th installment in this informative series on operating agreements. We appreciate your continuous engagement and enthusias… Read More
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Does Your Operating Agreement Require Members to Disclose or Forego Any Conflicting or Competitive Business Interests?

Does Your Operating Agreement Require Members to Disclose or Forego Any Conflicting or Competitive Business Interests? As we navigate the complex tapestry of operating agreements in our continuing series, we now turn our attention to a crucial yet of… Read More
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Does Your Operating Agreement Include Representations and Warranties Relating to Federal Securities Laws?

Does Your Operating Agreement Include Representations and Warranties Relating to Federal Securities Laws? As we embark on the 14th article in our enlightening series, we express our gratitude for your continued journey with us. It’s no secret that… Read More
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Does Your Operating Agreement Address How and Where Disputes May Be Resolved?

Does Your Operating Agreement Address How and Where Disputes May Be Resolved? Welcome back, valued readers, as we delve into the 13th article in our series on the ins and outs of operating agreements. We’ve navigated a long journey together, and we… Read More
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Does Your Operating Agreement Have Multiple Classes or Series of Membership Units?

Does Your Operating Agreement Have Multiple Classes or Series of Membership Units? As we venture further into the labyrinth of Operating Agreements, we appreciate your steadfast commitment to enhancing your understanding. Today’s expedition takes u… Read More
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Does Your Operating Agreement Address When Additional Equity May Be Issued by the Company?

Does Your Operating Agreement Address When Additional Equity May Be Issued by the Company? Venturing into the 11th installment of our insightful series on the complexities and nuances of operating agreements, we plunge into an often overlooked but im… Read More
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