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18 Oct 2009, 2:41 am
The cases have been assigned to Judge Arthur Gonzalez.The companies are successors by foreclosure of certain rights attributed to defaulted commercial mortgage loans. [read post]
4 Oct 2022, 9:55 am by Jay R. McDaniel, Esq.
That’s the right to exercise management rights belonging to members in a member-managed limited liability company. [read post]
4 May 2021, 4:45 am by Imke Ratschko
“Wait, I can never leave this LLC, even if I get sick, move on to something else or just change my mind? [read post]
7 Mar 2019, 1:56 pm by Walker & Walker Law Offices
But just because a company threatens a lawsuit does not mean you have to be bullied. [read post]
20 May 2008, 12:00 pm
Strained relations between managing and non-managing members of limited liability companies (LLC) sometimes lead to fights over the former's denial to the latter of access to company records. [read post]
29 Aug 2011, 3:00 am by Peter A. Mahler
 The subject company in Achaian, called Omniglow, LLC, manufactures chemiluminescent novelty items such as glowsticks. [read post]
24 Mar 2012, 3:16 am by Imke Ratschko
Very Important Disclaimer: If you are starting a business with more than one member, i.e. two, three or more people together, it is very important to get a document in place that sets forth what each person's rights and responsibilities are.  This is called an Operating Agreement.  If you have money to spent on an attorney, spent it on the preparation of an Operating Agreement.  If nothing is written down, your rights and responsibilities are dictated by the… [read post]
17 Jun 2019, 3:16 am by Peter Mahler
Another section provides: A limited liability company is dissolved, and its activities must be wound up, upon the occurrence of the following: Once the company has at least one member, the passage of ninety consecutive days during which the company has no members. [read post]
5 Oct 2018, 2:03 pm by IncNow
If the LLC itself does not exercise this right with the period of time, then next each sitting Member is given a right to purchase the interest in the company under the terms of the offer. [read post]
12 Oct 2021, 8:04 am by Malecki Law Team
Malecki Law filed an expedited FINRA arbitration complaint today on behalf of a retired couple from New York alleging that their brokerage firm Henley & Company LLC failed to supervise its recently deceased, registered representative Philip Incorvia and the Henley branch office he worked out of. [read post]
19 Apr 2021, 4:03 am by Peter Mahler
The Lower Court’s Dismissal of the Complaint Following discovery the defendant moved for summary judgment based on provision in the operating agreement incorporating by reference and conferring on the manager the full panoply of authority granted LLCs under LLC Law § 202 including the rights to mortgage LLC property, to establish and maintain cash reserves, and to decide whether and when to make distributions. [read post]
9 Sep 2020, 5:37 am by Cari Rincker
These questions are just a handful of the issues that should be considered as part of an LLC business succession plan. [read post]
30 Apr 2018, 7:04 am by Overhauser Law Offices, LLC
Fort Wayne, Indiana – Attorneys for Plaintiff, ASW, LLC of Columbia City, Indiana filed suit in the Northern District of Indiana alleging that Defendant, Frederick Bisson, of Edmonton, Alberta, Canada infringed its rights in United States Trademark Registration Numbers 3,556,429 for “American SportWorks”, and 5,138,550 for “American LandMaster”. [read post]
  Maybe drafting a better operating agreement is just part of a good business plan, especially since you may not be able to dissolve an LLC just because it is hard to run. [read post]