What could possibly go wrong if you and your fellow limited liability company owners decide to operate your LLC without an operating agreement? Lots of things, many of which could cause you ...

In re Denman, 513 B.R. 720 (Bankr. W.D. Tenn. 2014) – A chapter 13 debtor was a member of a limited liability company.

In addition to your financial structure, your LLC operating agreement should define the management structure of your restaurant. Although it is possible for all members of the LLC to share equally ...

An operating agreement for the LLC protects the company's limited liability status. For example, a multiple-member LLC that does not have an operating agreement may look similar to a partnership.