manager-managed LLC

How to Draft a Delaware LLC Operating Agreement to Prevent Founder Deadlock in a 50/50 Ownership Split

How to Draft a Delaware LLC Operating Agreement to Prevent Founder Deadlock in a 50/50 Ownership Split

Business & Entrepreneurship /

Deadlock can cripple a 50/50 Delaware LLC because neither founder has the votes to act without the other. A well-drafted operating agreement can prevent stalemates by allocating decision rights, setting tie-break procedures, and creating exit paths. This article explains the Delaware-specific clauses, drafting choices, and practical examples attorneys use to keep 50/50 companies operating. Why […]

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How to Structure a California LLC Operating Agreement for a 3-Founder Startup to Avoid Deadlock and Forced Dissolution

How to Structure a California LLC Operating Agreement for a 3-Founder Startup to Avoid Deadlock and Forced Dissolution

Business/Corporate Law /

A 3-founder California LLC can reduce deadlock risk by requiring a written Operating Agreement and using at least 5 structural tools—manager-managed governance, tie-breakers, buy-sell rights, reserved matters, and dissolution limits. In California, poorly drafted voting and exit provisions can trigger paralysis and even judicial dissolution fights. This article explains how to structure a founder-friendly Operating

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