An employment agreement is one thing and an operating agreement quite another. In ITV Gurney Holding Inc. v. Gurney, Cal. Ct. Appeal Case No. B281694, the board of a limited liability company fired two employees who were also managers. The two...
Court: Operating Agreement Did Not Grant Terminated Employees Lifetime Jobs
Posted on December 06, 2017
The Limited Liability Company Agreement That Has No Name
Posted on April 28, 2017
Practitioners under California's Revised Uniform Limited Liability Company Act will be familiar with the concept of an "operating agreement" (Cal. Corp. Code § 17701.02(s)). Indeed, I expect that nearly every LLC formed under the CARULLCA has, or...
