Search for: "General Parts Distribution LLC"
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26 Apr 2024, 5:18 pm
Marital debts generally include loans, mortgages, credit card bills, tax obligations, etc. [read post]
20 Sep 2018, 3:39 am
These entities are easily confused, in part because an LLC can make an S election. [read post]
20 Apr 2020, 4:10 am
For instance, except as otherwise provided in the operating agreement: Section 603 of New York’s LLC Law provides that a membership interest is assignable in whole or in part and that the only effect of an assignment is to entitle the assignee to receive the distributions and profit and loss allocations to which the assignor would be entitled. [read post]
6 Jul 2012, 10:48 am
Riggs — This article is for general information only. [read post]
14 Jun 2021, 4:32 am
The operating agreement required unanimous agreement for distribution of profits. [read post]
10 Feb 2014, 3:06 am
The dispute centered on the distribution “waterfall” provisions set forth in § 6.1 of Article VI of the operating agreement entitled “Distributions of Available Cash. [read post]
8 Jul 2013, 8:53 am
Merchant Capital, LLC, 483 F.3d 747, 755 (11th Cir. 2007) “A general partnership interest is presumed not to be an investment contract because a general partner typically takes an active part in managing the business and therefore does not rely solely on the efforts of others. [read post]
11 Nov 2011, 2:08 am
In rejecting the defendants’ arguments, the Court reasoned that: “… although the Class A Members receive distributions before the Class B Members begin to share in the distributions, a successful prosecution of the class action would only have the effect of requiring the General Partner to repay distributions it allegedly wrongfully accelerated to itself (as a Class C Member) or to the BlackRock entities under the terms of the LLC… [read post]
14 Dec 2008, 4:43 am
Well, the short answer is that generally one would not. [read post]
18 Nov 2015, 11:43 am
Most creditors find a charging order unattractive because along with the right to obtain distributions comes the responsibility for income taxes on the income generated by the ownership interest in the Florida LLC. [read post]
17 Jan 2018, 11:36 am
In rejecting the Estate’s position, the First Department looked to how the LLC Act has been viewed by Delaware courts, which have interpreted the Act as giving the parties to an LLC agreement substantial authority in setting up the operation of the LLC and which generally find that the terms of LLC agreements control when they conflict with the LLC Act. [read post]
25 Apr 2017, 9:24 am
In most states, a creditor cannot reach a member’s distributions from the LLC. [read post]
26 Dec 2017, 3:34 am
In 2011, he bought out his then-business partner funded in part by a $10 million investment from Ecoplace LLC, a entity controlled by Stefanos Economou. [read post]
4 Oct 2022, 9:55 am
So, for example, if three people are the members of an LLC and the company makes distributions of net cash flow on a quarterly basis, the member’s financial interest is the right to receive that distribution as and when it’s me. [read post]
25 Oct 2022, 1:20 pm
”[6] Once the membership interest is properly transferred, as part of the succession, “the heir or legatee shall have full rights of membership in the limited liability company, including all financial and management rights. [read post]
6 Jul 2012, 10:48 am
Riggs — This article is for general information only. [read post]
24 Mar 2017, 8:57 am
Delaware corporate and LLC statutes are enacted by the Delaware General Assembly. [read post]
13 Mar 2023, 4:33 am
Having spent the better part of my career litigating disputes between minority and majority owners of closely-held businesses, I can comfortably say that all else equal, I would prefer to be a minority shareholder of a New York corporation than a minority member of a New York LLC. [read post]
12 Oct 2018, 10:00 am
Prepare future generations. [read post]
30 Jan 2012, 3:49 am
Cir. 2011), Ultramercial LLC’s patent claims a method “for distribution of products over the Internet via a facilitator”. [read post]
