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2. Operating agreement - Wikipedia

   en.wikipedia.org/wiki/Operating_agreement

   LLCs operating without an operating agreement are governed by the state's default rules contained in the relevant statute and developed through state court decisions. An operating agreement is similar in function to corporate by-laws, or analogous to a partnership agreement in multi-member LLCs. In single-member LLC, an operating agreement is a ...

3. Articles of organization - Wikipedia

   en.wikipedia.org/wiki/Articles_of_Organization

   It is the Articles of Organization that establishes the power, rights, liabilities, duties, and other important obligations of LLC members. This document also establishes the obligations between LLC members. [2] Most secretaries of state provide fill-in-the-blank PDF templates to file with the state. Some people use the services of an attorney ...

4. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   Auriga Capital Corp), [20] parties to an LLC remain free to expand, restrict, or eliminate fiduciary duties in their LLC agreements (subject to the implied covenant of good faith and fair dealing). [21] Under 6 Del. C. Section 18-101(7), a Delaware LLC operating agreement can be written, oral or implied.

5. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   The L3C structure was designed by Robert M. Lang, Jr., who was the CEO of a New York-based family foundation. [4] Lang developed the structure as a way for foundations to clear tax and regulatory hurdles when it came to donations. With the first L3C statute being enacted in 2008, L3Cs are considered a relatively young legal form of business ...

6. Limited liability - Wikipedia

   en.wikipedia.org/wiki/Limited_liability

   The world's first modern limited liability law was enacted by the state of New York in 1811. [15] In England it became more straightforward to incorporate a joint stock company following the Joint Stock Companies Act 1844, although investors in such companies carried unlimited liability until the Limited Liability Act 1855.

7. Should you use a home equity loan to pay for medical bills? - AOL

   www.aol.com/home-equity-loan-for-medical-bills...

   However, she will have to pay closing costs on the new mortgage, which can range from 2% to 6% of the loan. 💡Expert note: These examples use average interest rates only. Your actual rates and ...