Two Great Reasons to Have an Operating Agreement Form

If you're in a limited liability company, it is probably best that you employ the idea of preparing an operating agreement form for your company. These forms will supply your company with the protection they need against certain personal liability matters. It is also one of the best ways of preventing many legal problems and disputes that could come about in business. There are two major reasons that all LLC companies in commercial real estate should possess these forms.If you've established Read more [...]

CNC Machine Operators

Even though the CNC machines require little human intervention in the development process of the end desired product, human intervention is still needed when it comes to the computer software programming for the CNC machines. A CNC machine programmer must understand the programming, so that they are capable of accurately telling the machine what to do.CNC machines a programmed through a sentence like structure that is written in a code that it understands. Each axes that the machine uses, requires Read more [...]

Limited Liability Corporation

A limited liability corporation refers to a business unit that has acquired a unique legal structure. It is different from other forms of business structures, like sole proprietorships, partnerships and corporations. It provides the advantages of a partnership or corporation, while being shielded from the disadvantages of these business structures. It is thus a distinct legal business entity, which has risen from a cross between a partnership and corporation. The concept has been around for Read more [...]

Basel II and Operational Risk – A Primer

The operational risk requirements of Basel II (International Convergence of Capital Measurement and Capital Standards) place a heavy emphasis on the identification, assessment, monitoring and control of operational risk. The ultimate requirement for reserving capital against operational losses are closely linked to the actions that a bank needs to take to manage these risks. Keeping a banks capital allocation against Operational Risks is a hands-on business, based on controlling and mitigating Read more [...]

Does a Single Member LLC Need a Limited Liability Company Agreement?

A limited liability company agreement is one of the most important documents for a single member LLC to adopt for his or her business. There are several reasons why and there is one important reason why not having this agreement can be disastrous.A common question is whether a single member LLC really needs an operating agreement? After all, that one person will be the only person who can decide on business matters, receive profit and loss allocations and accept distributions of LLC assets.BENEFITS Read more [...]

Making Sense of a Limited Liability Company’s Operating Agreement

Browse any introductory textbook on Economics or Corporate Finance and you will find a section that discusses three legal structures, Sole Proprietorships, Partnerships, and Corporations, under which businesses typically operate. These introductory textbooks however, often exclude a fourth, more recent structure, the Limited Liability Company or, abbreviated, the LLC.Overview of the Limited Liability Company The Limited Liability Company is in a sense, an entity that is a hybrid of a Partnership Read more [...]

Basel II and Operational Risk – A Primer

The operational risk requirements of Basel II (International Convergence of Capital Measurement and Capital Standards) place a heavy emphasis on the identification, assessment, monitoring and control of operational risk. The ultimate requirement for reserving capital against operational losses are closely linked to the actions that a bank needs to take to manage these risks. Keeping a banks capital allocation against Operational Risks is a hands-on business, based on controlling and mitigating Read more [...]

Does a Single Member LLC Need a Limited Liability Company Agreement?

A limited liability company agreement is one of the most important documents for a single member LLC to adopt for his or her business. There are several reasons why and there is one important reason why not having this agreement can be disastrous.A common question is whether a single member LLC really needs an operating agreement? After all, that one person will be the only person who can decide on business matters, receive profit and loss allocations and accept distributions of LLC assets.BENEFITS Read more [...]

Making Sense of a Limited Liability Company’s Operating Agreement

Browse any introductory textbook on Economics or Corporate Finance and you will find a section that discusses three legal structures, Sole Proprietorships, Partnerships, and Corporations, under which businesses typically operate. These introductory textbooks however, often exclude a fourth, more recent structure, the Limited Liability Company or, abbreviated, the LLC.Overview of the Limited Liability Company The Limited Liability Company is in a sense, an entity that is a hybrid of a Partnership Read more [...]