Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Do single-member LLCs need written operating agreements? The question may seem odd, since, by definition, single-member LLCs have only one member, who thus completely controls his or her (or its) LLC.

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. In Texas, an operating agreement isn’t required to form a ...

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 ...

An LLC is a popular business structure that offers limited liability protection for the business owners and beneficial tax treatment. A limited liability company (LLC) is a popular business structure ...

Operating and franchise agreements are both used to structure the way businesses function and the responsibilities that business owners have. However, they are used in notably different situations. An ...

Read the steps required to form an LLC in Georgia, including filing articles of organization at a cost of $100. Many, or all, of the products featured on this page are from our advertising partners ...

LLCs provide flexibility, but LLCs in California may pay more in taxes compared to other business types. Many, or all, of the products featured on this page are from our advertising partners who ...