LLC operating agreements are living documents. As a company grows, the original terms often need updates—new members join, owners exit, capital contributions change, profit splits are renegotiated, management responsibilities shift, and voting thresholds evolve. Handling these changes correctly is critical because informal updates can...
Liability waivers—also called release of liability forms—are commonly used to reduce legal risk when people participate in activities or receive services that carry some level of physical, property, or operational risk. From fitness classes and sports leagues to events, tours, rentals, and contractor work,...
