by Howard C. Stross | Aug 28, 2019 | Asset Protection, Business Law, LLC, Small Business
An involuntary transfer of an LLC membership interest is a transfer prompted by a creditor action or the occurrence of a triggering event outside of the member’s control. An individual or legal entity obtaining a membership interest as a result of an involuntary... by Howard C. Stross | Aug 21, 2019 | Asset Protection, Business Law, LLC, Small Business
A member of a Florida limited liability company (LLC) has a certain amount of personal asset protection if the LLC consists of two or more members. Part of this protection rests on the restricted transferability of LLC membership interests. Restricted transferability... by Howard C. Stross | Aug 14, 2019 | Asset Protection, Business Law, LLC, Small Business
If you are a member of a limited liability company (LLC) or believe you may become a member of an LLC, or you just wonder how flexible an LLC may be with ownership, please read on. This article applies to an LLC formed under Florida law; however, the topic and its... by Howard C. Stross | May 22, 2019 | Asset Protection, Business Law, Small Business
Lenders view loans to small businesses, particularly start-ups, as among the riskiest they make, particularly when there is little or no credit history or business revenue on which to base their decision. To lessen their risk, lenders almost always require a small... by Howard C. Stross | May 6, 2019 | Business Law, LLC, Small Business
Does it Really Matter if Your LLC Doesn’t have an Operating Agreement? Yes! Having a limited liability company (LLC) with a properly written operating agreement (“OA”), customized to the members and managers of the LLC, matters a lot! An LLC’s OA is its road map.... by Howard C. Stross | Feb 25, 2019 | Business Law, Small Business
Whether you are just starting up a new company or have a business that has been in operation for a while, and whether your business is a sole proprietorship, partnership, limited liability company, or corporation, good business recordkeeping is an essential part of...
