Founder Insights

Forming an LLC can be a smart business move, whether you are a single member or have multiple founders. As a single member, forming an LLC can provide personal liability protection and a flexible structure for your business. For multiple founders, an LLC allows for shared ownership, responsibility, and decision-making. When forming an LLC, it is important to create an operating agreement. This agreement serves as a roadmap for your LLC, outlining important details and rules. It covers essential topics such as ownership structure, management roles and responsibilities, voting rights, limitation of liability, distribution of profits and losses, and procedures for decision-making. The operating agreement also addresses important matters such as membership changes, dissolution procedures, non-compete clauses, officers’ power and compensation, meeting protocols, and exit strategies. By creating an operating agreement, you establish clear guidelines and protect your LLC’s status. It ensures that all members, whether single or multiple founders, have a clear understanding of their rights and responsibilities. Additionally, the operating agreement allows customization of your LLC’s terms, offering more control over how your business operates.

Existing Clients

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Manager Managed

  1. Popular where 1 or more of the owners will act as “Passive” investors
  2. Some owners may be “Passive” while others may be designated as “Managers”
  3. Some owners may be designated as Managers, some “non-owners” may be designated as managers, or any combination thereof may be designated.

Member Managed

  1. The most popular structure for LLCs with 1 or more owners.
  2. ALL Owners have control over the daily operations of the business.
  3. The owners have authority to bind the LLC by signing for a loan, negotiating and executing contracts, and managing other daily operations of the business.