When forming a business, one of the most important steps is creating the internal documents that govern how your company will operate. Two of these governance documents are the Operating Agreement and the Bylaws. While they serve a similar purpose, they apply to different types of entities and outline slightly different rules. Understanding the difference is key to keeping your business compliant and well-organized. An Operating Agreement is used by Limited Liability Companie

Corporate records are more than just paperwork; they’re a critical tool for protecting your business and demonstrating that it operates...

Corporate records are more than just paperwork; they’re a critical tool for protecting your business and demonstrating that it operates...

Corporate records are the official documents that reflect the structure, ownership, decisions, and operations of a company. They form the...

Transitioning from a sole proprietorship to another formal business entity is a common step for entrepreneurs who want liability...

A sole proprietorship can be the right choice for some entrepreneurs but not for others, depending on their goals and business type. This...

While a sole proprietorship offers simplicity and control, it also comes with significant drawbacks that can make it less attractive for...

One of the main reasons many entrepreneurs choose to operate as a sole proprietorship is the simplicity it offers. Unlike corporations or...

A sole proprietorship is the simplest and most common form of business ownership, and it is characterized by being owned and operated by...

In the competitive world of brokerage, mastering deal structuring can turn a difficult negotiation into a successful partnership....