Business partnerships are, by necessity, based on mutual trust and confidence. You wouldn’t go into a partnership unless you believed that the other party or parties would uphold their fiduciary duty. What if your faith was mistaken? Maybe you suspect your business...
Business Law
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Does a limited liability company need an operating agreement?
A limited liability company (LLC) provides the liability protection granted to corporations without retaining the benefits of a partnership. Articles of organization filed with the state make an LLC official but do not elaborate on day-to-day functions. One document—a...
Business formation on the rise
In spite of the tremendous challenges that Americans have faced in the past year in terms of businesses going under and record unemployment, people are bouncing back with unexpected resilience. Economists have labeled the sharp increase in new business applications a...