Limited Liability Company

Term Main definition
Limited Liability Company

A legal entity organized under state law through the filing of a charter (typically, called a Certificate of Formation and in California and certain other states called Articles of Organization, coupled with the signing of an LLC Agreement and in California and certain other states called an Operating Agreement). The LLC is owned by its members (or LLC interest holders), and typically is managed by its manager(s) or officers and overseen/directed by its managers.  The term "managers" sometimes refers to a board of managers. Limited liability companies sometimes present, but not under all circumstances, certain unique advantages (as compared to choosing to form as corporations) regarding governance, flexibility and, if desired, (flow-through) taxation to owners.  A limited liability company is acceptable to some investors some of the time, but is unacceptable to some investors all of the time.  See Pass-Through Entity.

  • TRADE SECRETS

    We work closely with clients to identify and protect their potential trade secret assets with secrecy programs. confidentiality agreements, protecting trade secrets from misappropriation.
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  • SECURITIES

    We counsel regarding securities issues for businesses or individuals.
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  • CORPORATE

    We provide expert counsel to companies from startup to public, including:     Board counseling     Equity compensation     Regulatory compliance     Securities and capital markets
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  • REAL ESTATE

    We represent and advise clients involving real property acquisition. financing. development. construction. disposition. leasing. limited liability companies.
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  • ESTATE PLANNING

    We do trusts and estates.  Should I try to avoid probate? A proper estate plan will not need to be administered through the Probate process, where additional complications and expenses would be involved, and therefore your assets will be available to your loved ones within sixty days, easily avoiding enormous costs
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  • PRIVACY AND CYBERLAW

    We counsel regarding privacy, cybersecurity, social media, consumer disclosures, warranties and other consumer protection matters; offer audits or assessments of network security, privacy and cybersecurity compliance; and provide transactional due diligence and crisis management.
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