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23 Apr 2012, 2:53 pm by admin
 For example, if A and B each own 50% of the LLC and nothing else is stated in the Operating Agreement, A and B would each have a right to 50% of the equity ownership and the profit distribution rights. [read post]
17 May 2008, 5:00 am
  As Marc indicates:The operating agreement must expressly provide that (a) the LLC is "manager-managed" (b) the LLC is "managed by managers" (c) management of the LLC is "vested in managers" or (d) words of similar import. [read post]
27 Jan 2023, 11:04 am by Joseph Luna
There are effectively two methods of judicial resolution available to members of an LLC that cannot agree or have a member who renders agreement impossible: (A) Judicial Dissolution or (B) Judicial Expulsion. [read post]
27 Jan 2023, 11:04 am by Joseph Luna
There are effectively two methods of judicial resolution available to members of an LLC that cannot agree or have a member who renders agreement impossible: (A) Judicial Dissolution or (B) Judicial Expulsion. [read post]
27 Dec 2022, 4:24 am by Peter J. Sluka
”    The Scrivener’s Error Antonia hinged her dissolution claim on Article VIII, Section 1(b) of the Operating Agreement, which requires the dissolution of Bull-Poet upon the death of a member. [read post]
16 Nov 2021, 1:32 pm by lennyesq
  Inclusion of express charitable purposes and charitable dissolution provisions in compliance with Treasury Regulation Section 1.501(c)(3)-1(b)(1) and (4). [read post]
10 Jan 2008, 1:00 pm
(C) Any other provisions dealing with the certificate.(8) The method by which the operating agreement may be amended.Notice the statute does not specify how the LLC shall implement these powers in the operating agreement's language. [read post]
25 Jan 2012, 7:48 am by Jeffrey W. Berkman, Esq.
  In fact, the New York Limited Liability Company Law (NY LLCL) requires that an LLC have an Operating Agreement, failing which the members of the LLC are subjected to an agreement that is essentially created from the provisions of the NY LLCL. [read post]
1 Oct 2010, 4:14 pm
However, the aforementioned steps are the bare minimum, in order to provide for the internal governance of the LLC, an LLC operating agreement can be very useful. 1) File Articles of Organization The Arizona LLC Act requires the Articles of Organization to contain: A) the name of the limited liability company, B) the name, street address in Arizona and signature of the agent for service of process, C) the address of the company's known place… [read post]
28 Mar 2022, 2:17 am by Alyson Poole (AU)
  The Opponent, together with Viceroy Hotels, LLC, held intellectual property for the Viceroy Hotel Group (VHG) which operated hotels and reports in North America, South America, the Caribbean, and the Middle East under the name Viceroy from 2002. [read post]
28 Mar 2022, 2:17 am by Alyson Poole (AU)
  The Opponent, together with Viceroy Hotels, LLC, held intellectual property for the Viceroy Hotel Group (VHG) which operated hotels and reports in North America, South America, the Caribbean, and the Middle East under the name Viceroy from 2002. [read post]
2 Feb 2021, 1:38 pm by IncNow
The d/b/a should never be used in place of the LLC’s official name in contracts. [read post]
11 Dec 2017, 3:28 am by Peter Mahler
The default rule was one of many designed to avoid C corporation-style “double taxation” of LLC earnings. [read post]
25 May 2011, 3:49 pm
However, those two (or three) steps are a bare minimum to form an LLC in Arizona; in order to provide for the internal governance of the LLC, an LLC operating agreement can be very useful. 1) File Articles of Organization The Arizona LLC Act requires the Articles of Organization to contain: A) the name of the limited liability company, B) the name, street address in Arizona and signature of the agent for service of process, C) the… [read post]
25 May 2011, 3:49 pm
However, those two (or three) steps are a bare minimum to form an LLC in Arizona; in order to provide for the internal governance of the LLC, an LLC operating agreement can be very useful. 1) File Articles of Organization The Arizona LLC Act requires the Articles of Organization to contain: A) the name of the limited liability company, B) the name, street address in Arizona and signature of the agent for service of process, C) the… [read post]
27 Nov 2019, 9:27 am by Mark Tabakman
The New Jersey test for independent contractor status under the unemployment laws is already very tough, the very infamous, A-B-C standard. [read post]
18 Jan 2023, 6:42 am by Drew Emmert
Exceptions to the default rule of per capita majority voting is that a unanimous vote is required to: (a) amend the operating agreement; (b) file a petition under federal bankruptcy, or state insolvency law for the LLC; (c) undertake any act outside of the ordinary course of the LLC’s business; or (d) undertake, authorize or approve any other act that requires the consent of all members under the New Act. [read post]