An LLC operating agreement is a legally binding document that outlines the LLC’s preferred operating, management and financial procedures. Its purpose is to guide the business’s internal operations ...

When establishing a multi-member limited liability company, it is important to plan for the worst. It may seem cynical to think about the end before the beginning, but every company has a half-life.

In my experience, most operating agreements of New York LLCs include a provision barring amendments unless made in writing and executed by all members. Such provisions are especially prevalent with ...

This article, written by litigators, is intended to inform drafters of the need for clearly delineated rights to indemnification, on one hand, and fee advancement on the other. It surveys New York's ...

Operating agreements are pivotal in outlining a business’ financial and functional decisions. It’s the guiding document that bonds and legally protects business partners. Nonetheless, up-and-coming ...

The Las Vegas Review-Journal’s 20-year-old joint operating agreement with the Las Vegas Sun never received required federal approval and is therefore unenforceable, a court ruled Monday. The unanimous ...

City Council voted Monday to approve a special use permit for Connections for the Homeless to operate a rooming house at the Margarita Inn. Connections, an Evanston-based nonprofit, has been offering ...

The following column is written by Jason L. Ruchaber, CFA, ASA, partner with HealthCare Appraisers. Here are five aspects of ambulatory surgery center operating agreements which can have significant ...

An agreement between freight carrier Norfolk Southern and the Pennsylvania Department of Transportation will allow Amtrak to expand passenger rail access in western Pennsylvania. “Rail is critical in ...

The Las Vegas Convention and Visitors Authority is shortening its operating agreement with The Boring Co. to run and maintain the underground Convention Center Loop transit system. Board members voted ...

Whether you’ve already taken the steps to create a limited liability company (LLC), or you’re still in the planning process, you’ve probably come across the term “operating agreement.” This guide will ...