Wednesday, July 26, 2017

Does an LLC Need a Board of Directors?

Originally published by Vethan Law.

A limited liability company or LLC does not need a board of directors, but it can have one if the operating agreement sets up the management structure as a board. Having a board of directors can add formality to a business structure that is still relatively new, and provide a familiarity for others not well-versed in LLCs.

Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.

from Texas Bar Today
via Abogado Aly Website

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