In short, most likely. While operating agreements are not required by law for limited liability companies (LLCs), LLCs are generally wise to implement them. An operating agreement governs the relationship between the LLC and its members and managers, and dictates the internal operations of the business. Without an operating agreement, the LLC is governed by […]
If you have been sued, you might have a basis to raise affirmative defenses. An affirmative defense is a defense based on facts other than those supporting the plaintiff’s claim for relief, which may defeat some or all of the plaintiff’s claim. The defendant has the burden of proof to establish an affirmative defense. Most […]
The importance of a bring-your-own-device policy: Permitting employees to use personal mobile devices to fulfill their professional duties was common before the COVID-19 pandemic. Now, more employees are working from home than ever. More employees who previously did not use mobile devices on the job are expected to do so. Put simply, more business is […]
Most businesses, regardless of size, operate through entities. Running a business through an entity allows owners to shield themselves from personal liability, take advantage of tax benefits, and provide an established yet flexible structure for their business. If you’re considering forming a new business entity or reorganizing an existing business entity, this article offers some […]
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