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Contracts Archives

Failing LLC Operating Agreements

Entrepreneur provides an excellent summary of the reasons why a Limited Liablity Company Operating Agreement can fail in this Article. Setting up the business correctly to start and periodically reviewing the changing ownership needs are key to a successful LLC Operating Agreement. The needs and agreements between the parties may change so its important to keep the agreements current. Working with an attorney to draft, negotiate and review the company's operating agreements and other membership documents is key to a successful business formation and operation. Working with an attorney up front may increase the initial costs of formation, but often times saves money and headaches down the road. The attorneys at Loftin|Bedell, P.C. work with clients on the formation, operation and dissolution of LLCs, Corporations, Professional Corporations, Joint Ventures and partnerships. 

Why are the Provisions in a Contract Important?

Whether the contract is for an entity such as a partnership or an operating agreement, bylaws or declaration of restrictions, lease or rental agreement, for services and goods, or for an estate plan, the contract is the document used to manageyour relationships, and prevent legal disputes.

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Loftin | Bedell P.C.

Loftin | Bedell P.C.
2540 Gateway Road
Carlsbad, California 92009

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