DIY Limited Liability Company

This post from Scott Allen does a good job of explaining the filing formalities required to set up a limited liability company.

Often, however, the key element in using an LLC to run a business is the details that go into the Operating Agreement. The Operating Agreement functions like a combination stockholders agreement and corporate bylaws in the more familiar C-corporation or S-Corp. Consultations with an attorney are often prudent when drafting the Operating Agreement.

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