Practical Pitfalls in Drafting Texas Limited Liability Company Agreements

This article discusses pitfalls in drafting Texas LLCs in six areas:  Voting and Manner of Decision Making; Contribution Provisions; Admission of the Initial Member in a Manager Managed LLC; Withdrawal of a Member; Transfer Provisions and Assignment of Member Interest; and Fiduciary Duties of Members and Managers.  it provides drafting tips and suggested language for different types of provisions.