Practical guides on LLC governance, compliance, and protecting your business.
Before your LLC signs a lease, vendor agreement, or any major contract, it should formally authorize the action with a resolution. Most owners skip this step — and it creates real risk.
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An operating agreement creates the rules. Governance records prove you followed them. Most LLC owners have one and skip the other — and courts notice.
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Most LLC owners take distributions without documenting them. That undocumented draw is a veil-piercing factor courts and the IRS look for. Here’s how to fix it.
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They charge $50–$150 per document, use free-text forms, and deliver records with no audit trail. Here’s why outsourcing your LLC governance records to a concierge service creates more risk than it solves.
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Your bank may not have asked for a resolution when you opened your LLC’s account. That doesn’t mean you don’t need one — and its absence creates risks most owners never see coming.
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Most LLC owners think forming an LLC is enough. Courts disagree. Here are 5 common mistakes that expose your personal assets to business creditors.
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The short answer is no. But that’s the wrong question. The real question is: what happens when someone challenges your LLC and you have no records?
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The single most effective way to shield yourself from personal liability has nothing to do with hiring a better lawyer. It has everything to do with your company’s records.
Read more →Most LLC owners have zero governance records. This checklist shows you the 7 documents courts and banks expect.