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Seven Traps to Avoid When Using a Limited Liability Company
by Sheila L. Seck, JD, MBA
Many entrepreneurs starting up their limited liability companies have dramatically cut the costs of doing business through "do-it-yourself" legal programs online. The online programs are quick, convenient, and affordable, but lurking in the fine print are doorways into several traps that can trip up owners of limited liability companies.
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Funding Company Buyouts with Life Insurance Proceeds
by David S. Brown, JD, LLM Many corporations and limited liability companies have shareholder and member agreements covering a wide range of subjects, such as distribution and voting rights, managerial matters and other issues central to the operation of the business. Another crucial subject that should be covered in a shareholder agreement is how the shares (or membership interests of an LLC) of a shareholder are to be handled upon the death of the shareholder.
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