In determining whether a franchisor acted in good faith when terminating a franchise agreement, a court will attempt to balance the rights of both parties.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

The franchise agreement is likely to set out standards for the franchise.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

A limited liability partnership must be formed in compliance with state statutes.

The franchise agreement is likely to set out standards for the franchise.

Dana is a member of Earthground Coffee, LLC, a limited liability company. Dana is liable for Earthground’s debts

A partner’s devoting time, energy, and skill to partnership business is a compensable service.

​A director or officer must act in good faith.

In choosing a form of business organization for a new enterprise, one factor to be considered is the ability to raise capital.