Business Formation & Governance

In California, you can draft an LLC operating agreement that allocates profits and losses unequally—even if members contribute different amounts—so long as the agreement is clear and consistent with California’s Revised Uniform Limited Liability Company Act (RULLCA). New LLC owners often discover that “equal split” default rules don’t fit real-world deals involving cash, services, or […]

Texas allows a series LLC structure under Texas Business Organizations Code Chapter 101, enabling one “master” LLC to establish multiple protected series. In 2026, the process still centers on filing a Certificate of Formation, maintaining a Texas-eligible registered agent, and meeting statutory notice requirements to preserve internal liability shields. This guide covers filing steps, registered […]

A corporation is a business structure that exists as a separate legal entity from its owners, typically providing limited liability protection. It can own property, enter contracts, and sue or be sued in its own name, independent of shareholders. This article explains core corporate features, how it operates, and why businesses choose incorporation. A corporation […]

Commercial law covers 4 core business areas: contracts, sales, agency, and commercial paper. These rules set enforceable standards for transactions, liability, and payment instruments, helping businesses reduce disputes and stay compliant. This article explains foundational doctrines and how they apply to common commercial activities. Commercial law encompasses the legal principles that govern business transactions and […]