An LLC operating agreement is a legal document that details the rules and regulations of a limited liability company (LLC) with regards to financial and functional decisions. It covers everything ...

Buy-sell agreements often use life insurance policies to fund a potential buyout in the event of a partner's death. A buy and sell agreement may also be called a buyout agreement, a business will ...

An LLC operating agreement is a legal document that spells out the terms of a limited liability company to the members. It sets forth the path for the business to follow and brings more clarity to ...

In Texas, an operating agreement isn’t required to form a limited liability company (LLC). However, business attorneys, accountants and advisors agree that no LLC should form without one.