Category LLC

How Is an LLC Treated in a Divorce in Texas?

When going through a divorce in Texas, one of the most complex assets to deal with is a business — particularly a Limited Liability Company (LLC). If you or your spouse own an LLC, you may be wondering: How is…

How Is an LLC Treated in a Divorce?

If you or your spouse own a Limited Liability Company (LLC), you may be wondering how the business will be handled during a divorce. An LLC is a valuable asset — and like all property acquired during a marriage, it…

Does an LLC Have a Board of Directors?

When starting a Limited Liability Company (LLC), one of the most common questions new business owners ask is: “Does an LLC have a board of directors?” The short answer: No — LLCs do not have a board of directors unless…

Do LLCs Have a Board of Directors?

If you’re considering forming a Limited Liability Company (LLC) or are already managing one, you may wonder: Do LLCs have a board of directors like corporations? The short answer: No, LLCs do not have a board of directors by default.…