Absent an Effective Operating Agreement, LLCs can be Toothless Tigers
As the article below points out, a good operating agreement is a fundamental element of structuring an LLC as the entity of choice for your business. The simple statutory benefits combining limited liability and pass through of income are great on their own, but won’t be sufficient for the purposes you are creating your LLC when you face major decisions down the road. Crafting a tailor made Operating Agreement to suit your needs, even if you’re a single member entity, will enable you to succeed with the type of entity you’ve designed.
SCORE column: LLCs also need an operating agreement
Green Bay Press Gazette
The need for an operating agreement is often ignored. “An operating agreement is the rulebook for running the limited liability company,” explained Olson.
Creating an Adoption Friendly Workplace: A Great Incentive for Employees
As the economy weakens, good employee benefits are becoming scarce. But there remain unique ways for employers to incentivize their most valued workers. Providing assistance to employees who wish to adopt a child is a tax efficient way for an employer to make staff feel they are important to the team. Even without direct economic benefits, employers can provide an environment that is friendly to its workers on important family issues like adoption.
Liquidnet Voted #1 Adoption Friendly Workplace for Second Year in a Row by the Dave Thomas Foundation
Kansas City Star
Liquidnet, the premier institutional investment community, today announced that it was voted the #1 Best Adoption Friendly Workplace by the Dave Thomas Foundation…
Asset Protection Planning is Important for Every Investment Decision
While it’s common to think asset [protection in the formation of an entity, what about the protection you need for property you already own? It’s good to think through all of the potential pitfalls of property ownership to protect what you have.
Will Your Real Estate Asset Protection Stand up in a Fight
Real Estate News | BiggerPockets.com (blog)
If you listen to some purveyors of asset protection tools the answer is complete protection. If you ask an attorney the answer is “it depends. …
Special Needs Planning
Families with children who are unable to fully care for themselves deal with unique issues. It takes a special type of planner to properly consider and execute the appropriate documents and vehicles the family needs. The following article offers some very helpful thoughts:
Financial Planning For A Child With Special Needs
It is very important to work with an attorney who specializes in establishing special needs trusts, as they clearly have some unique qualifications. …