LLC Operation Agreements Drafting Tips and Traps for the Unwary
Bradley R. Coppedge
44 PROBATE& PROPERTY JANUARY/FEBRUARY 2005 John Doe comes to see you, his favorite attorney. “Mr. Esquire,” he says, “I’m going into a business with a couple of fellows, and we need some sort of legal company set up immediately.” “No problem,” you say, “what you need is an LLC.” It just so happens you’ve created a few (or quite a few) LLCs in your career. You know you can reserve the name with the secrettar of state and file articles of organization within a matter of minutes, so it shouldn’t be...