Search for: "Debt Management Partners, LLC "
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3 May 2022, 5:00 am
Many clients come to me with complaints about their business partner and his or her misconduct in managing the co-owned LLC. [read post]
3 May 2022, 5:00 am
Many clients come to me with complaints about their business partner and his or her misconduct in managing the co-owned LLC. [read post]
14 Nov 2019, 4:00 am
Unlike an LLC, an LLP must have a managing partner which is liable for the actions of the partnerships. [read post]
8 Apr 2010, 12:50 pm
An LLC generally has the management flexibility of a partnership as well. [read post]
16 Dec 2021, 6:07 am
Advantages of an LLC include: Protection from liability - In most cases, members of an LLC will not be held personally liable for the business’s debts and financial obligations. [read post]
9 May 2018, 2:42 pm
Additionally, Managers run LLC – not officers and directors. [read post]
6 Jun 2023, 8:46 am
Flexible Management Structure LLCs offer flexibility in terms of management and decision-making. [read post]
22 Mar 2007, 9:02 am
The Washington State Court of Appeals has held that member-managers of an LLC are analogous to partners and hence owe one another the same fiduciary duties as partners under the UPA. [read post]
2 Dec 2019, 1:11 am
Generally, the partners in an LLP are not personally liable for business debts and obligations. [read post]
8 Apr 2010, 12:50 pm
An LLC generally has the management flexibility of a partnership as well. [read post]
31 Mar 2023, 10:00 am
If you are starting a business, one of the biggest advantages to an LLC is that it can limit your personal liability for debts the business incurs, meaning that your home and personal bank account cannot be used to pay business debts or any liabilities if you or a business partner are sued. [read post]
10 Aug 2021, 12:21 pm
In August 2021, a federal court judge in the Middle District of North Carolina approved a class action settlement against Bell Partners, LSREF3 Bravo LLC, and Hudson Capital Weston LLC. [read post]
9 Feb 2011, 7:46 pm
An LLLP protects the general partner from personal liability for the partnership’s debts, and if the LP is used, the LLC entity, even a single member LLC, would act as a corporate shield against individual exposure to suits against the partnership. [read post]
13 Sep 2012, 1:32 pm
For example, the new Act will eliminate the concept of a “managing member,” which is fairly unique to Florida and has resulted in confusion as to whether this means an LLC is manager managed or member managed. [read post]
5 Nov 2016, 8:26 am
§605.0304(1) provides for the limited liability of LLC members - it provides: "A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. [read post]
27 Nov 2009, 6:15 am
Peck, "an LLC need not have the equivalent of a general partners who is liable for the limited partnership debts". [read post]
21 Jun 2022, 4:07 am
One benefit of those higher costs is that you have a greater ability to manage the assets in an LLC. [read post]
20 Jan 2023, 10:43 am
This kind of “deadlock” can be a particularly difficult issue for an LLC owned 50/50 by two partners where decisions simply require a majority vote. [read post]
11 Jul 2023, 1:20 pm
Delaware LLCs are easy to set-up and manage. [read post]
31 Aug 2022, 11:42 am
LLCs can protect owners from liability in the event of a legal dispute with a creditor, or even a business partner. [read post]
