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All members of the Board of Managers of Verdesian were appointed by Paine Schwartz Partners, LLC (“Paine”), a private equity firm that owned over seventy percent of the Class A Units of the company. [read post]
31 Aug 2022, 11:42 am by IncNow
Create your single member LLC operating agreement. [read post]
6 Mar 2018, 6:22 am
On February 1, 2018, the Delaware Court of Chancery granted defendants’ motion to dismiss an action brought by minority unitholders of Trumpet Search, LLC (“Trumpet” or the “Company”). [read post]
30 Mar 2015, 11:19 am by Lax & Neville LLP
On Monday, March 30, 2015, the Securities and Exchange Commission (“SEC”) filed an Order Instituting Administrative Cease-and-Desist Proceedings (“Order”) against Patriarch Partners, LLC, Patriarch Partners VIII, LLC, Patriarch Partners XIV, LLC, Patriarch Partners, XV, LLC (collectively “Patriarch Partners”), and CEO Lynn Tilton (“Tilton”), alleging that Tilton and… [read post]
15 Dec 2022, 7:50 am by Matthew Dochnal
This is because of the “Pick Your Partner” provision typically included in the LLC Operating Agreement. [read post]
19 Apr 2023, 7:46 am by Matthew Dochnal
Members can join or leave an LLC by simply updating the company’s Operating Agreement. [read post]
21 Jan 2008, 11:10 pm
Section 509 of the New York Limited Liability Company Law states that if a member withdraws from the LLC, where there is no operating agreement, he can get fair market value for his interest. [read post]
26 Sep 2007, 9:53 am
Forge Consulting, LLC has continually advertised and represented to the public that it has "virtually unmatched financial and legal resources".Forge Consulting, LLC has ALSO held itself out on its website that it is a partner with the following past and current life insurers operating in the structured settlement industry: Allstate Life Insurance Company, Aviva Life Insurance Company, Allstate Life Insurance Company of… [read post]
27 Apr 2009, 6:26 pm
Beginning in the late 1980s, various states began exploring a hybrid entity, one in which co-owners would enjoy the liability protection of limited partner status and the management participation feature of the general partners. [read post]
11 Nov 2019, 2:25 pm by Maurice W. McLaughlin
Pediatricare Associates, LLC, four pediatricians were members (owners) of a medical practice named Pediatricare Associates, LLC. [read post]
15 May 2013, 4:27 pm by Charles Rubin
My partner, Rick Josepher, was involved through the Florida Bar in a major update to Florida’s limited liability company provisions which were recently enacted into law. [read post]
6 Mar 2019, 6:26 am by Jon Alper
The asset protection LLCs are typically taxed as partneships so that income and losses flow through to the partners. [read post]
20 Jul 2016, 7:51 am by Steven Koprince
 OHA also noted that its own prior case law “has recognized that entities structured as LLCs may still be joint ventures with the joint venture partners affiliated. [read post]
4 Oct 2022, 9:55 am by Jay R. McDaniel, Esq.
Breaking up with a business partner is the topic of this discussion. [read post]
4 May 2023, 1:17 pm by Matthew Dochnal
Operating under a Delaware LLC can increase a real estate investor’s credibility with lenders, partners, and other stakeholders. [read post]
13 Dec 2011, 8:14 am
Ross noted that Houston-based LNG Partners is the first U.S. company to partner with the first nation to develop an industrial project on Haisla lands. [read post]
8 Jun 2020, 3:50 am by Franklin C. McRoberts
The Last Will and Testament The estate plan in Steven’s Last Will and Testament was the polar opposite of the operating agreement, cutting out his wife and daughter, providing instead a life estate of Steven’s 19% LLC interest to his alleged mistress, Betsy, with a remainder to his alleged out-of-wedlock daughter, Tamara: To my loving partner, Betsy I. [read post]