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What are “Classes of Interests” in an LLC Operating Agreement?
It’s important to understand your LLC's “Classes of Interests”, since they affect your company's ownership structure and members’ rights.
Aug. 20, 2019 - Contract Clauses
The 5 Most Important Clauses in Your LLC Operating Agreement
There’s no standard Operating Agreement that will work across the board. Different LLCs will have their needs, but here are some things to consider.
Aug. 20, 2019 - Contract Clauses
Joint Ventures v. Partnerships: Differences Business Owners Need to Know
While both partnerships and joint ventures involve multiple enterprises coming together for a common goal, there are key differences to consider.
July 9, 2019 - Contract Clauses
Can You Sublet A Commercial Lease?
For commercial renters, subletting their rental unit can be a profitable way to maximize their usable space, but be wary of some of the common pitfalls.
June 18, 2019 - Contract Clauses
7 Terms Every Business Owner Must Understand Before Signing A Commercial Lease
Signing a commercial lease without understanding the jargon can be disastrous for unwary tenants. Here are the key terms you must know before signing.
June 11, 2019 - Contract Clauses
Is a Triple-Net (NNN) Lease Right for My Business?
A triple-net lease (also "NNN lease") is a type of commercial lease that specifies who is responsible for which rental expenses.
May 28, 2019 - Contract Clauses
Top 5 Provisions to Review Before Signing a Commercial Lease
Commercial leases are different from typical residential leases. A bad lease will not only endanger the your business, but your personal assets as well.
May 21, 2019 - Contract Clauses
Buy Out Clauses: 3 Key Considerations for Business Owners
A buy out clause or buy-sell agreement is an agreement setting forth procedures for buying a departing partner's shares in the company.
April 9, 2019 - Contract Clauses
Business Divorces: What To Do When Business Owners Part Ways
Business Divorces aren't easy. This article explores the legal considerations in navigating a break-up with another business owner.
April 5, 2019