Articles Tagged with LLC

Florida does not require Limited Liability Companies (LLC’s) to have an Operating Agreement. So why is it recommended, and important, to have one? An Operating Agreement is the governing document of an LLC, which sets forth the rules and structure for operating the LLC  as well as the relationship among the members and between the […]

Business divorces, like marital divorces, can be ugly, especially when one of the parties engages in misconduct or otherwise acts unruly. In Florida, limited liability company (“LLC”) members can remove other, unruly or rogue members by expulsion if the LLC’s Operating Agreement provides a method for expulsion, as well as under certain circumstances pursuant to […]