Membership in a limited liability company (LLC) may come with voting rights. Member voting rights are addressed in the LLC operating agreement, which typically provides that LLC members must vote on several issues that are material to the continuance of the business. A unanimous or majority vote may be required depending upon the nature of…
Getting into business with another person is like getting married. They start their businesses with their best friends or family member with the idea of “hitting it big”. They decide that because they trust each other, they’ll be 50/50 partners in everything. They set up a limited liability company or corporation and begin doing business.…
What is a Probate? A probate is the process of proving a Last Will and Testament (a “Will”) in a court of law and making sure it is a publicly accepted document. Probate also covers the administering or resolving of the deceased property and/or debts. i.e. settling debts, selling property, and distributing the remaining assets…