HOW ARE "MEMBERS" OF A LIMITED LIABILITY COMPANY DETERMINED?
The author has encountered many occasions over the years where
a limited liability company, for one reason or another, did not have a written
operating agreement. In fact, there is a
common misperception that single member limited liability companies,
especially, do not "need" to have written operating agreements. Both of these situations pose serious risks
to pers... Read the entire article [Popup]