Opinion: Minority members of limited liability companies should work to draft operating agreements that allow them more control over the agreements’ provisions.

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 ...

You probably didn’t start your company because you love legal paperwork. Most founders don’t. But at some point, usually right after you open a bank account or bring on a co-founder, someone asks a ...

QUESTION: What is an LLC operating agreement, and what provisions does it typically include? Know the Law is a biweekly column sponsored by McLane Middleton. Questions and ideas for future columns ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Florida doesn’t require limited liability companies (LLCs) ...