A limited liability company or LLC does not need a board of directors, but it can have one if the operating agreement sets up the management structure as a board. Having a board of directors can add formality to a business structure that is still...

It is an unfortunate fact of business that there exist vendors, suppliers, and other third parties who misrepresent their products and services, making claims of more than they can deliver or failing to substantially perform according to claims.

It is a sad fact of business that shareholders in a corporation may not all agree on an action the company is about to take. Those who hold a minority number of shares can feel mistreated or may disagree with decisions made by the controlling...

If you are a member of a limited liability company and wish to leave the membership voluntarily, you cannot simply walk away.

There is not much that is worse than discovering your business partner is a thief. Such an act of betrayal by a person you trust can be an extremely emotional experience. Do not allow them to take over. Now is a time to keep your head, so you will be...