Budgets and cash flow are extremely important for any business, particularly for a new company. Cash is king, so you want to make sure you can control how and when money is spent. In a Limited liability company (“LLC”), members are the owners of the LLC, while managers have the right, power and duty to … Continue reading Purse Strings – Why to Cap your Managers’ Authority to Spend Company Money
Everyone gets excited when all the founders form their new company and get their equity percentages figured out. However, it is crucial to take the opportunity, when all the founders love each other and share a common vision for the business, to agree on terms which define what happens when a founder goes bankrupt, harms the … Continue reading How to Control and Protect Your Equity