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2 Dec 2009, 9:16 am
In addition, despite clear knowledge of his client’s financial situation, Mr. [read post]
20 Nov 2017, 2:13 am
Both § 102 (q) of New York’s LLC Law and § 18-101 (11) of the Delaware LLC Act define “member” as someone “admitted” to the LLC. [read post]
29 Oct 2020, 5:09 pm
Additional Reading Shopping for Solutions? [read post]
13 Dec 2022, 10:20 am
The first of the three cases is Slack Technologies, LLC v. [read post]
28 Nov 2011, 5:24 am
Arrow Financial Services on November 28 and PPL Montana, LLC v. [read post]
13 Jul 2020, 4:51 am
Even though the plaintiffs were not claiming any membership interest in the LLC, the LLC’s defense of the claim turned on the alleged membership in the LLC of a certain non-party named Hershel Herbst who in 2012 allegedly entered into an agreement with the LLC referred to as a “Declaration,” stating that he was a member and manager, and that no transfers of the company’s property could be made without his consent. [read post]
23 Jan 2014, 12:52 pm
In addition, the LLC Act provides that a member can be dissociated by a Court if a member engaged in wrongful conduct that materially effects the business of the LLC, willfully or persistently breaches the operating agreement or engaged in conduct that makes it not reasonable practicable to carry on the business with the member. [read post]
23 Jan 2014, 12:52 pm
In addition, the LLC Act provides that a member can be dissociated by a Court if a member engaged in wrongful conduct that materially effects the business of the LLC, willfully or persistently breaches the operating agreement or engaged in conduct that makes it not reasonable practicable to carry on the business with the member. [read post]
23 Jan 2014, 12:52 pm
In addition, the LLC Act provides that a member can be dissociated by a Court if a member engaged in wrongful conduct that materially effects the business of the LLC, willfully or persistently breaches the operating agreement or engaged in conduct that makes it not reasonable practicable to carry on the business with the member. [read post]
22 Jul 2019, 2:49 am
There’s a statute for that, namely, section 703 of New York’s LLC Law. [read post]
21 Jul 2011, 7:09 pm
In addition, there can be one or more shareholder agreements, which set forth the rights that shareholders have vis-a-vis each other (e.g. transfer restrictions, options, or rights of first refusal). [read post]
21 Jul 2011, 7:09 pm
In addition, there can be one or more shareholder agreements, which set forth the rights that shareholders have vis-a-vis each other (e.g. transfer restrictions, options, or rights of first refusal). [read post]
23 Feb 2016, 12:47 pm
In addition, any additional tax will be assessed against the entity in the year the audit was completed. [read post]
25 Jun 2021, 11:51 am
This is done without any additional state filings. [read post]
5 Feb 2023, 5:12 pm
In addition to the pending judicial dissolution proceedings, there are two separate lawsuits that each of the members and each of the managers filed against each other. [read post]
16 Jun 2012, 8:37 am
In addition, there is uncertainty in the tax treatment of a series LLC and utilizing a series LLC in a secured transaction. [read post]
19 Sep 2016, 3:32 am
There is the additional requirement that the impasse be bona fide and genuine. [read post]
19 Feb 2018, 3:22 am
In the meantime, Plotkin paid significant debts of the LLC, made additional capital contributions, and grew the business. [read post]
15 May 2017, 3:32 am
” The daughter later sought to amend her complaint to allege an additional claim that the assignment of her membership interest was “void” because she “did not receive any consideration in exchange for the transfer of her ownership interest in the LLC to [Member A]. [read post]
15 May 2017, 3:32 am
” The daughter later sought to amend her complaint to allege an additional claim that the assignment of her membership interest was “void” because she “did not receive any consideration in exchange for the transfer of her ownership interest in the LLC to [Member A]. [read post]
