If you start a limited liability company (LLC), you need to create an Operating Agreement with your partners. This document protects all members by specifying ownership percentages, rights and responsibilities of each partner. Here are more details to consider regarding an LLC Operating Agreement.
Your company may be entitled to sue another entity under certain conditions. Based on the Defamation Act of 2005 and other causes of action, you may have a case. When an entity publishes reckless false information, it's possible for the plaintiff to seek damages.