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Operating Agreement
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Operating Agreements: What Every LLC Owner Must Know
- June 26, 2026
- Posted by: allan
- Categories: Business Formation, Business Law
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An LLC operating agreement is the foundational document that governs how the business is run, how profits are split, and what happens when a member leaves or dies. Without one, state default rules — often ill-suited to your situation — apply. This guide explains what every operating agreement must address.
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AI Washing Enforcement by the SEC: Cases Every Investment Adviser Must Study
The SEC’s 2024 enforcement actions against Delphia and Global Predictions establish concrete compliance obligations for investment advisers using AI. This post analyzes each case in depth and translates the findings into five specific obligations every registered adviser must address.
September 28, 2026 Read more -
AI Washing in Securities Disclosures: SEC Enforcement Risk for Public Companies
AI washing — overstating a company’s AI capabilities to investors — has become an active SEC enforcement priority. From the 2024 Delphia and Global Predictions actions to the 2025 Presto Automation case and criminal charges against Nate Inc., this post analyzes what the cases establish and how to build a legally defensible AI disclosure program.
September 27, 2026 Read more -
SEC Recordkeeping Rules and AI-Generated Content: What Financial Firms Must Retain
The SEC’s recordkeeping enforcement campaign cost financial institutions over $600 million in penalties — and AI-generated content faces the same analytical framework. This post explains what broker-dealers and investment advisers must retain under Rules 17a-4 and 204-2, and what a compliance audit should cover in 2026.
September 26, 2026 Read more -
AI in Drug Discovery: IP, Regulatory Validation, and Licensing Considerations
AI is transforming drug discovery, but it raises complex legal questions around patent inventorship, FDA regulatory validation, and licensing agreement structure. This post works through all three systematically for biotech companies, pharma licensors, and their counsel.
September 25, 2026 Read more
