Dan Robinson Law, P.C.

Operating Agreement Mistake that Tears LLCs Apart: Failing to Specify How Members Will Be Paid for Their Labor

Photo by geralt on Pixabay ‍ As an attorney who helps small business owners who have disputes with their co-owners, I see a lot of California limited liability company operating agreements. Many are well-prepared and thoughtful documents that help founders protect themselves and their company. But many LLCs have problems that can lead to major disputes including expensive lawsuits between the owners…