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An LLC Board of Directors is not required by law — however, a limited liability company should consider the advantages of having a board of advisors. read more

LLC governing documents are the official papers created during a business' formation. read more

An LLC LP hybrid is a combination of two popular business formations: limited partnership (LP) and limited liability company (LLC). read more

LLC rights are outlined in the company's operating agreement created by the members and listed in the company's articles of organization. read more

The mere conduit defense is a provision of the Bankruptcy Code which offers exceptions to the ability of a debtor to recover preferential transfers. read more

A merger agreement definition is a legal contract governing the combination of two companies into a single business entity. read more

A mobility clause in a contract is a contractual term that enables an employer to change an employee's place of work, either temporarily or on an ongoing basis. read more

An MOU for joint venture agreement is a non-binding document that is used in the early stages of negotiation between two parties. read more

Like the symbiotic relationship between trees and fungus, lawyers and humans have an important, interlocking relationship going back to the dawn of man. read more

One of the benefits of supporting a worthwhile cause is the ability to take a federal income tax deduction in some cases. read more