When you decide to set up a new business as a limited liability company, you benefit from a legal structure that gives you and your partners, known as members, great flexibility in running the company ...

Member-managed LLCs and manager-managed LLCs differ based on whether the owners make day-to-day business decisions. Many, or all, of the products featured on this page are from our advertising ...

At the start of a business venture, especially when the entity is formed with family or friends, independent greed or oppression is rarely at the forefront of planning. Indeed, in today’s fast-paced ...