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24 Dec 2023, 11:00 am by Peter S. Lubin and Patrick Austermuehle
Recent Illinois law regarding the defense of officers and directors of corporations and LLCs encompasses several key factors: 1. [read post]
31 Aug 2018, 10:37 am by IncNow
LLC Taxes The flexibility and simplicity of Delaware LLCs and some of the standard LLC tax rates are key reasons for its popularity. [read post]
13 Jun 2014, 1:14 pm
Converting an LLC to a Corporation Now that I've gone over some of the key differences, it's time to talk about converting your limited liability company into a corporation. [read post]
16 Oct 2023, 11:40 am by Matthew Dochnal
Step 2: Hold a Member Vote: Appointing a president in an LLC often requires holding a vote amongst Members. [read post]
28 Nov 2018, 3:41 am by Cari Rincker
Examples of the duty of loyalty that may be imposed on a member: To account to the LLC for any LLC property that the member holds. [read post]
17 Oct 2022, 1:40 pm by Poole Huffman, LLC
The post How the Rules of Procedure May Hold the Key to Success in Your Georgia Contract Litigation Case appeared first on Atlanta Business Litigation Attorneys Blog. [read post]
28 Jul 2021, 12:07 pm by zola.support.team
Here, we will detail a few key provisions that you should be sure to include in your LLC operating agreement. [read post]
18 Dec 2023, 10:44 am by Peter S. Lubin and Patrick Austermuehle
Requirements for LLC Derivative Suits in Illinois: For a member to file a derivative suit on behalf of an LLC in Illinois, several key requirements must be met: Ownership Status: The member initiating the derivative suit must be a current member at the time of filing the lawsuit and must have been a member at the time the alleged wrongdoing occurred. [read post]
10 Aug 2011, 12:39 pm by Francis Pileggi
” Based on the holding relating to transferrability, which resulted in ownership of the LLC being equally split between two 50/50 members, the Court cited to prior Chancery decisions that have applied DGCL Section 273 by analogy. [read post]
18 Sep 2019, 9:01 am by IncNow
The flexibility and simplicity of Delaware LLCs are key reasons for its popularity. [read post]
21 Jun 2022, 4:07 am by Cari Rincker
Trusts can hold cash, but they can also hold other assets such as bank accounts, securities, life insurance policies, real estate, intellectual property, personal possessions, cryptocurrencies and nonfungible tokens (NFTs), real estate, and ownership interests in a business—including an LLC. [read post]
21 Jul 2023, 7:15 am by Derek A. Colvin
Key steps require you to:Select the appropriate entity type.Determine if the business be Manager-Managed or Member-Managed? [read post]