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11 Aug 2014, 6:47 am by Michael Smith
Code section 23-18-4-8(e) specifies that failure to maintain those records does not constitute grounds for holding the owners personally liable for the obligations of the LLC. [read post]
15 Nov 2022, 9:24 am by J. Ross Pepper
The exceptions fall into, at least, the following categories: (1) Where an LLC member commits an intentional tort, such as misrepresentation; (2) where the LLC’s veil is pierced; (3) where the LLC member has engaged in a fraudulent transfer of LLC assets to himself or herself; (4) where the member is held personally liable under the theory that he or she did not disclose that he or she was acting on behalf of the LLC; and (5) where… [read post]
22 Feb 2016, 7:28 pm by Michael Smith
Indiana Code § 23-18-1-5 defines “member” as “a person admitted to membership in a limited liability company under IC 23-18-6-1 and as to whom an event of dissociation has not occurred. [read post]
4 May 2023, 1:17 pm by Matthew Dochnal
Delaware LLC  Benefit #5) Flexibility Customizable ownership and management structures. [read post]
4 Apr 2018, 11:40 am by IncNow
Distributions generally fall into one of two categories: (1) tax income/loss (deemed distributions) and (2) money actually paid from the LLC to the member. [read post]
16 Jul 2021, 6:25 am by Jacob Tingen
If you choose to forgo this step, be advised that Virginia’s default LLC laws will govern how your LLC may operate. 5. [read post]
16 Jul 2021, 6:25 am by Jacob Tingen
If you choose to forgo this step, be advised that Virginia’s default LLC laws will govern how your LLC may operate. 5. [read post]
18 Feb 2010, 2:30 pm by HeratyLaw
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ———————————–x BELLMER DOLLS, a Partnership, PETER MAVROGEORGIS, ANTHONY MALAT, and PETER SHEERIN, Plaintiffs, - v - : ASIM SHAIKH aka ASIM GRABOWSKI-SHAIKH, HUNGRY EYE RECORDS LLC, PUBCO, DANIEL SKIBRA, and : JOHN DOES 1-5, Defendants. [read post]
13 Oct 2019, 11:14 pm by Peter Mahler
Meregalli, as the LLC’s sole managing member, conveyed 20% and 15% membership interests to the two plaintiffs for their respective $200,000 and $150,000 capital contributions, as well as a 5% interest to a third, non-party member for $50,000. [read post]
9 Mar 2023, 5:01 am by Eugene Volokh
As of May 5, 2021 [the filing date of the Amended Complaint, which was intended to cure the lack of diversity of citizenship in the original Complaint], six members of Allbritton LLC were D.C. residents. [read post]