An operating agreement is a contract that controls the operations of your limited liability company's internal affairs. This includes the interactions between the members of the LLC, it managers, and the limited liability company itself. You may think that an operating agreement is not necessary for your single-member LLC. After all, do you really need a written agreement with yourself?
THE DANGERS OF REVOKING A LIVING TRUST
Several clients have come to me recently seeking to revoke, or having revoked, their living trust. The one who just left my law office exemplifies the reason we don't recommend full revocation of a living trust.
