Hunt & Associates P.C.

Apr 26, 2011

Reducing Fiduciary Duties in Oregon LLCs: How Far Can You Go?

Freedom of contract is one of the principal principles in the law of limited liability companies.  That is, limited liability companies were legislatively created to enable the equity owners of such companies to contractually define their relationship vis-à-vis their company and each other to the fullest extent reasonably possible.  The limited liability company operating agreement provides the vehicle for the exercise of that freedom.  Unfortunately, such freedom can make trust more expensive where the members … Read more