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When two or more people become owners of a limited liability company and embody their relationship in an operating agreement, they usually see sunshine and rainbows in their future. They have an idea, they have a corporate structure, and they have each other.
n most closely held companies, when you form the company you invest some money in exchange for an interest in a company, whether that’s a share of stock, a membership interest, or a limited partnership interest. Typically, the amount of money you invest in the company is all that you’ll have to invest in the company—in other words if the company goes belly-up, your losses are going to be limited to the amount that you initially invested.
One of the more advanced techniques that we see being used involves a shareholder purchasing the debt obligations of a company without the knowledge of the co-shareholders.
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