Almost 20 years ago, while on an ABA-ULC project, I made the acquaintance of a leading practitioner in the field. Although today he is as skilled and adept with limited liability companies as with corporations, he was then first entering the world of unincorporated business organizations. His...

1. Business Idea -- 2. Formation -- 3. Financing -- 4. Workforce -- 5. Business Regulations for Managing Directors (in particular: transactions requiring approval) -- 6. Investor Relations -- 7. Good Governance for Managing Directors, etc. -- 8. Helpful Tools -- 9. Intellectual Property Rights...

While a few commentaries have addressed the LLC enterprise in general, very few make mention of whether interests issued pursuant to this business form constitute securities. This article generally responds to Professor Sargent's position that interests in a LLC are normally not securities. We...