Category Archives: Idaho LLCs
SHOULD YOUR LLC HAVE AN OPERATING AGREEMENT?
Many people form limited liability companies (“LLCs”) for the purpose of shielding their personal assets from the claims of certain creditors. For example, by placing rental properties in one or more LLCs and conducting all of the activities relating to the rental properties through the LLC, creditors of the LLC can make a claim against… Read More »
Use of LLCs in Estate Planning & Small Business Planning
Limited liability companies (“LLCs”) offer a flexible vehicle for families and small business owners to facilitate the transfer of property among family members and to manage property within families over many generations. An LLC is a corporation established under state law that offers the flexibility of a partnership form, including an option to elect “pass… Read More »
