Member-managed LLCs and manager-managed LLCs differ based on whether the owners make day-to-day business decisions. Many, or all, of the products featured on this page are from our advertising ...

When you decide to set up a new business as a limited liability company, you benefit from a legal structure that gives you and your partners, known as members, great flexibility in running the company ...

Laws around limited liability companies are relatively flexible regarding how the owners organize their company structure. While some have traditional corporate officers like presidents, CEOs, vice ...

A limited liability company (LLC) separates a company from its owners. This protects the owners’ personal assets if the business loses money or gets sued. Many, or all, of the products featured on ...

At the start of a business venture, especially when the entity is formed with family or friends, independent greed or oppression is rarely at the forefront of planning. Indeed, in today’s fast-paced ...