Hi, I'm Katherine Taylor, the lawyer for business owners. I frequently get asked this question by business owners: Can I use AI to draft an operating agreement for my LLC? The answer is yes. But then I ask the next question: Should you? And my answer is no. Here's why. AI can be a fantastic t...
Hi, are you a member of a multi-member LLC, wondering what the difference is between a member-managed LLC and a manager-managed LLC? That's a mouthful. I'm Katherine Taylor, the lawyer for business owners, and I'm going to explain the difference. First, to start: a member of an LLC is an owner. ...
Hi, I'm Katherine Taylor, the lawyer for business owners. I've been doing a series on the unintended consequences of certain provisions in LLC operating agreements, and here's another one. Many operating agreements serve as de facto estate-planning documents for an LLC owner's business interest. ...
Hi, I'm Katherine Taylor, the lawyer for business owners. I'm going to be doing a series of videos on the unintended consequences of boilerplate language in LLC operating agreements. That was a long explanation of what these videos are going to be about, but you'll understand if you're an LLC mem...
Hello, I'm Katherine Taylor, the lawyer for business owners. In a previous video, I explained that I would be doing a series of videos about operating agreement provisions. In that earlier video, I discussed what an operating agreement is and why it's important. In this video, I'm going to focus ...
Hi there. I'm Katherine Taylor, the lawyer for business owners. I'm going to be doing a series of videos on operating agreements. In this first video, I'll explain what an operating agreement is and why your company needs one. In future videos, I'll hone in on the various parts of an operating ag...
Hi there! I just had a client ask me, “Can I name officers for my LLC?” I'm Katherine Taylor, the lawyer for business owners, and here's the answer I gave. The simple answer is yes. The not-so-simple answer is… yes, but. So what do I mean by that? In most states, including Maryland, there's no ...
Are you just starting a business and wondering whether you need to hire a lawyer? I'm going to tell you how you can get away with not hiring a lawyer, and also when I think it's a good idea to consult with a lawyer when starting a business. Most of the time when starting a business, you are...
Are you a business owner who has recently received a notice from the state stating that the charter for your LLC or Corporation has been forfeited? Well, I'm going to explain what to do if you're in this situation. First: don't panic. The charter for your LLC or Corporation is approved by t...
This is the first in a series of "Do I Need a Lawyer?" posts. Many of the calls I get from people are just asking the question "do I really need to hire you?” and frankly, the answer is often no. Today, I'm going to explain to you when you may or may not need a lawyer if you're forming an LL...
Are you considering starting a small business in Maryland? If so, it is important that you select the right type of entity and comply with Maryland requirements. A Maryland business attorney and accountant can be helpful in guiding you through the necessary steps. As a broad overview, ...
Say you've decided to form a limited liability company, commonly referred to as an "LLC." You've heard that an LLC needs an "operating agreement" in Maryland but you don't know what that means or how to proceed. This article will guide you. The first thing is to be sure...
