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 ...

Forbes contributors publish independent expert analyses and insights. I cover Wealth Preservation in its legal permutations When drafting LLC operating agreements, lots of planners include clauses to ...

It’s a common scenario. A client or non-tax attorney says: “We’ve put together a new LLC/partnership agreement. It should be fine because we’ve used this same agreement on all of our deals. We just ...