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15 Jul 2014, 4:29 pm
Moreover, the new California Revised Uniform Limited Liability Company Act, effective as of January 1, 2014, provides that an out-of-state LLC “may” register in California and does not impose penalties for failing to do so. [read post]
20 Dec 2022, 4:00 am
In order to register your LLC as a foreign corporation under the 2005 Texas Code Business Corporation Act, you will need to file the necessary documentation with the Texas Secretary of State. [read post]
23 Jul 2014, 11:42 pm
However, the statutory exceptions are also broader because the common law contains no exception for acts outside the usual way the LLC does business. [read post]
21 Oct 2009, 8:07 pm
If the state laws determine the group is a “partnership”, then the partners can be liable for acts of the business and their fellow partners. [read post]
22 Jun 2010, 8:06 am
In North Carolina, the business judgment rule applies to LLC managers. [read post]
22 Jun 2010, 8:06 am
In North Carolina, the business judgment rule applies to LLC managers. [read post]
6 Mar 2019, 6:26 am
The contact with Nevis is limited to the administrative functions carved out from business in the current Act amendment. [read post]
6 Jun 2014, 12:22 pm
If both owners (members) plan to be actively involved in the business, then a member managed LLC is the best choice. [read post]
15 Jun 2021, 9:24 am
Lastly and importantly for business lawyers, the fact that a foreign corporation or foreign LLC has improperly transacted business in Tennessee without obtaining a certificate of authority does not mean that the acts of the corporation or LLC are invalid or subject its officers, directors, members, or shareholders to personal liability. [read post]
10 Dec 2018, 3:08 am
The defendants next argued that the LLC lacked standing to sue under § 18-803 (b) of the Delaware LLC Act because it had been administratively dissolved by the Delaware Secretary of State in 2016. [read post]
30 Mar 2015, 9:25 am
Also, under the new act the LLC can eliminate the fiduciary duties of its members, and specify the conditions for indemnification of its members when they act on behalf of the LLC. [read post]
23 Feb 2024, 1:54 pm
The Illinois Limited Liability Company Act allows LLC members to file a derivative action to protect the interests of the LLC. [read post]
1 Jul 2013, 9:40 am
Permissible Purposes for LLCs With the new amendments, Section 6 of the Indiana Business Flexibility Act now explicitly states that LLCs may be used not only for business purposes but also for personal and nonprofit purposes. [read post]
9 Oct 2009, 8:03 am
The Master LLC would have no business operations. [read post]
1 Oct 2012, 2:00 am
Section 48(b) of the new LLC Act borrows from New Jersey’s Business Corporation Act to expand upon RULLCA §701(b)’s bare provision authorizing courts to “order a remedy other than dissolution. [read post]
28 Jul 2014, 8:24 am
Will an Indiana court enforce a contract signed by a member or manager on behalf of the LLC if the member or manager would have apparent authority under the common law but not under the Indiana Business Flexibility Act? [read post]
3 Aug 2023, 11:17 am
If your business lacks an address in Texas, you’ll need to hire a Texas Registered Agent service to act as your agent. [read post]
19 Oct 2018, 7:53 am
To have access to the gold standard of business laws, you should form an LLC in Delaware. [read post]
18 Apr 2024, 10:00 pm
January 1, 2024 ushered in a new regulatory scheme for small business owners across the United States with the Corporate Transparency Act (CTA). [read post]
18 Apr 2024, 10:00 pm
January 1, 2024 ushered in a new regulatory scheme for small business owners across the United States with the Corporate Transparency Act (CTA). [read post]
