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Meet some of our Limited Liability Company Lawyers
Ayelet F.
Ayelet G. Faerman knows what influencers mean to brands today. With experience as legal counsel for a beauty brand for over 5 years, and overseeing multiple collaborations, Ayelet has experienced the rise of influencer marketing. As the founder and managing partner of Faerman Law, PA her practice focuses on influencer relations including a specialization in contract negotiations.
Benjamin E.
Benjamin is an attorney specializing in Business, Intellectual Property, Employment and Real Estate.
Richard G.
Attorney Gaudet has worked in the healthcare and property management business sectors for many years. As an attorney, contract drafting, review, and negotiation has always been an area of great focus and interest. Attorney Gaudet currently works in Massachusetts real estate law, business and corporate law, and bankruptcy law.
April 19, 2021
Pritesh P.
Experienced General Counsel/Chief Legal Officer
November 4, 2022
Jonathan R.
I am a graduate of Cornell University and Rutgers University School of Law—Newark, and have been admitted to the state and federal bars for New Jersey, and have been engaged in the full- or part-time practice of law since my admission to the bar in 1991. My practice centers on civil litigation; wills, trusts, and estates; and ediscovery review and management. I have extensive experience in regulatory compliance in the financial services industry, as well as privacy laws in the U.S. and E.U.
May 12, 2021
Robert D.
I am a general practice lawyer with 21 years of experience handling a wide variety of cases, both civil and criminal
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Browse Lawyers NowLimited Liability Company Legal Questions and Answers
Limited Liability Company
LLC
New York
Is LLC formation state-specific?
I am looking to start a business and am considering forming a limited liability company (LLC). I have heard that the LLC formation process is state-specific, and I want to make sure that I am taking the right steps to form a LLC in the correct jurisdiction. I would like to know if the LLC formation process is state-specific, and if so, what steps I should take to form a LLC in the correct jurisdiction.
N'kia N.
LLC formation is state-specific, as there is no federal formation process. Each state can establish its own laws, including those related to state taxes, for an LLC operating there. However, an LLC must also comply with any applicable federal laws. If you have specific questions about state and federal implications of LLC formation, you might consider consulting with a knowledgeable business law attorney. [I am licensed to practice law by the state of North Carolina.]
Limited Liability Company
LLC
Florida
LLC and member meetings?
I am considering forming a limited liability company (LLC) with a few other partners. We are looking to have a clear understanding of the expectations for LLC and member meetings, including the frequency and formality of such meetings. We also want to make sure all members are held accountable for their actions and that our rights and responsibilities are clearly outlined.
Daniel D.
In Florida, LLCs are not required to have annual meetings of the members and/or managers. However, your operating agreement would lay out different circumstances when the members and/or managers must meet to make important company decisions. You can draft the operating agreement to give you and your partners greater flexibility as to when and why a meeting is required, for example, hiring a new officer, spending over a certain amount of money, admitting a new member or removing a member. If you do not have an operating agreement in place, then the default is the FRLLCA. However, holding meetings of the members and/or managers is a good way to increase your liability protection. Even if the formalities are not required by law, abiding by them can help bolster your corporate veil and it will also add value down the road to your business when you or your partners sell. To hold a meeting, you would need to notice all the members, hold the meeting, record the minutes of the meeting and then draft and execute any resolutions that were voted on at the meeting. If all members are going to vote unanimously, you could use a "Consent in lieu of meeting" to be drafted that records the vote and decision of the members, which all voting members should sign. It is important that your operating agreement is well drafted.
Limited Liability Company
Operating Agreement
Florida
Forming LLC with multiple members
Hello, Looking to form LLC with 3 other individuals. What would be the best route to go?
Bruce B.
In florida you would want to have an operating agreement to specify the relationship between the members.
Limited Liability Company
LLC
Texas
What's the purpose statement in LLC formation?
I am looking to start a small business and am exploring the option of setting up a Limited Liability Company (LLC). I have been researching LLC formation and understand the basic steps involved, but I am unsure of the purpose statement that needs to be included. I want to ensure that I am setting up my LLC correctly and I am hoping to get some clarity on the purpose statement to ensure that my LLC is properly formed.
Darryl S.
The purpose statement for an LLC formation only needs to be 1-2 sentences that broadly describe the general nature of the business. Here is an example LLC purpose statement: "The purpose of this Limited Liability Company is to engage in any and all lawful business activities related to providing consulting services in the technology industry, as the members see fit."
Limited Liability Company
LLC Operating Agreement
Florida
What happens to LLC when member dies?
I want to create an operating agreement that explains what happens with the business in case one of the members died. We have an LLC. We want to create an operating agreement that states how the business will keep working in case one of our members dies.
Forest H.
There are provisions to add to an operating agreement to address the death or incapacity of a member. Feel free to contact me if you would like to discuss how to move forward.
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