Decoding the Law

In this episode of "Decoding the Law," we continue our examination of Texas LLC Operating Agreement provisions and specifically focus on Distribution provisions in the Texas Business Organizations Code, our preferred provisions, and tax-related issues that tend to crop up if they're not appropriately drafted.

In this episode of Decoding the Law, we discuss our analysis and opinions of several problematic provisions of the Texas Series LLC statutes (Subchapter M, Chapter 101, Texas Business Organizations Code).

In this episode, we discuss common tax provisions in a Texas LLC Operating Agreement, Texas Franchise Tax Returns, and Texas LLC tax revocations.

In this episode, Texas LLC Attorney Jean Fair talks about provisions regarding creditor's rights and remedies, rights of third parties, limited liability, and warranties in a Texas LLC Operating Agreement.

In this episode of "Decoding the Law," we examine how Texas LLC Operating Agreements can be drafted to add or remove members from a Texas LLC.

In the fourth episode of Decoding the Law, we begin a series dissecting commonly found provisions in a Texas LLC Operating Agreement.  We specifically examine common boilerplate provisions found in the initial Formations section and then begin to examine provisions in the Members and Membership Interest section, followed by a discussion of how membership class splits and various changes in this section can affect members in the event of a divorce or judgment against a member personally.

In the third episode of Decoding the Law, we break down a Texas Series LLC Operating Agreement we were hired to examine and detail the myriad of issues we found.  

In the second episode of Decoding the Law, we discuss the differences between Member-Managed and Manager-Managed Texas LLCs, instances where each type of model works, and potential pitfalls with the SEC.

In our first episode of the Decoding the Law podcast, we talk about the basics of federal income taxes and Texas LLCs.