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20 Jan 2023, 10:43 am by Matthew Meiners
An Operating Agreement is an agreement among the members of a limited liability company that defines the LLC’s management structure and governs the operation of the LLC, including the members’ contractual rights, obligations, and restrictions relating to their membership interests in the LLC. [read post]
1 Mar 2021, 7:00 am by Jay R. McDaniel, Esq.
An email from the sole owner of a limited liability company announcing that employees had become partners with a profit interest was not sufficient constitute admission as a member of the LLC. [read post]
28 Apr 2013, 4:36 pm by Nasir Pasha, Esq.
How does the LLC dissolve or elect to dissolve a company and what are the procedures for winding up the LLC? [read post]
25 Jan 2012, 7:48 am by Jeffrey W. Berkman, Esq.
  In fact, the New York Limited Liability Company Law (NY LLCL) requires that an LLC have an Operating Agreement, failing which the members of the LLC are subjected to an agreement that is essentially created from the provisions of the NY LLCL. [read post]
20 Feb 2020, 10:44 am by Silver Law Group
The post EquiAlt LLC, FL Real Estate Company, Accused By SEC Of Operating Like A Ponzi Scheme appeared first on Securities Arbitration Lawyers Blog. [read post]
16 Dec 2021, 6:07 am
By working with a business law attorney, owners and partners can make sure they follow the correct procedures to create and operate an LLC. [read post]
6 Jun 2014, 12:22 pm
These silent partners typically elect the owners to run the day-to-day operations of the company. [read post]
28 Jan 2007, 2:59 pm
Divorcing from your business partners in a limited liability company can be just as nerve-racking, costly and life/business interrupting as divorcing your spouse. [read post]
20 Oct 2016, 6:30 am by IncNow
This article, “Operating Agreements Today: The Foundation to Avoid Controversy Tomorrow,” is a valuable resource to lawyers working with LLCs looking to shift their focus to the probabilities when working with limited liability companies rather than simply fixating on the possibilities. [read post]
9 Nov 2014, 2:52 pm by Carl Neff
 Every LLC operating agreement should specify under what scenarios the company can dissolve. [read post]
22 Jul 2013, 6:59 pm
For Part 1, click here - http://www.northerncaliforniabankruptcyattorneysblog.com/2013/07/new-california-limited-liability-company-llc-regulations-coming-january-1-2014-the-basics---what-you.html Fiduciary Duties: Beverly-Killea does not specify the fiduciary duties owed by members or managers of an LLC, instead stating that the fiduciary duties of an LLC manager are the same as those of a general partner in a partnership ("[t]he fiduciary duties a… [read post]
22 Aug 2016, 2:56 pm by Marc Soss
Problems can also arise when drafting an LLC Operating Agreement. [read post]
20 Sep 2022, 2:07 pm by Matthew Dochnal
  LLC Operating Agreements typically have “pick-your-partner” provisions. [read post]
10 Oct 2018, 5:58 pm by Gina Bongiovi
 For Member-Managed LLCs with no Operating Agreement, the members can do pretty much anything they please with the company. [read post]
3 Jul 2013, 12:52 pm by Thomas Kerner
North Carolina LLC members need to make absolutely certain that their operating agreements have been carefully negotiated, planned, and drafted. [read post]
23 May 2022, 4:17 pm by IncNow
One way to simplify this is to form a holding company with the partners, then have each separate company as wholly-owned subsidiaries, or children, of the parent umbrella LLC. [read post]
6 Jun 2023, 8:46 am
Enhanced Credibility and Professionalism Structuring your business as an LLC can enhance its credibility and professionalism in the eyes of customers, clients, and potential partners. [read post]
27 May 2020, 3:00 pm by IncNow
One way to simplify this is to form a holding company with the partners, then have each separate company as wholly-owned subsidiaries, or children, of the parent umbrella LLC. [read post]