Topic
Operating Agreement
81 published works
Bloom Legal Blog
Does Your Louisiana LLC Need an Operating Agreement?
By Bloom Legal Staff · Last reviewed: October 2026 Short answer: Louisiana does not require an operating agreement to form an LLC, but almost every LLC should have one in…
Rincker Law Blog
Starting a Business With a Friend or Family Member in Illinois? Put These Agreements in Writing First
By Dimple Dang
Starting a Business With a Friend or Family Member in Illinois? Put These Agreements in Writing First may not sound like the most exciting advice when two people are enthusiastic…
Outside General Counsel Blog - Houston Outside General Counsel & Construction Lawyer
Selling a Minority Stake vs. Full Buyout: Structuring Partial Ownership Transitions for LLC Owners
Many owners assume that selling a business means selling all of it, but a growing share of deals — particularly in the lower-middle market — involve the seller keeping a…
Chicago Business Attorney Blog
When a Business Partner Wants Out, Your Operating Agreement Either Saves You or Destroys You
Business partner disputes are one of the most common reasons companies end up in litigation. They are also one of the most preventable. The phone call usually starts the same…
Rincker Law Blog
Do You Need an Operating Agreement in Illinois? What Business Owners Should Know
By Dimple Dang
Do You Need an Operating Agreement in Illinois? What Business Owners Should Know is a common question for entrepreneurs forming a limited liability company. While Illinois law does not require…
New York Business Divorce
A Cross-Country Trio of Appellate Decisions Tackles Novel LLC Disputes
Three states, three LLC disputes, three appellate rulings. Who could ask for more?
Chicago Business Attorney Blog
What to Include in Your Operating Agreement: 5 Clauses Every Illinois LLC Needs
An Operating Agreement is the single most important internal document for your LLC. Yet many business owners either skip it entirely or rely on generic templates that don’t reflect how…
Contract, Construction, & Lien Law Blog - Paulose & Associates
The Enforceability of Informal Actions in New York Limited Liability Companies
In the operation of a New York limited liability company (“LLC”), written operating agreements and formal corporate procedures are undoubtedly best practices. Nevertheless, New York courts at times recognize that…
New York Business Divorce
How Easily Can an Operating Agreement Supplant the Default Rule for LLC Manager Removal? Pretty Easily.
This week on New York Business Divorce, read about the interplay between statutory and contract rules for LLC manager removal or expulsion, set within an appeal from a trio of…
Restructuring Globalview
Second Circuit Clarifies Direct vs. Derivative Claims in Bankruptcy Dispute (US)
On March 4, 2025, the U.S. Court of Appeals for the Second Circuit issued a precedential decision in Little Hearts Marks Family II L.P. v. Carter (In re 305 East…