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28 Jan 2024, 10:00 pm
After the judge granted the tenant’s motion to dismiss, an appeal followed.The Appellate Term, Second Department, was of the view that prior to these tenants taking occupancy of the unit back in 2018, the preceding tenant’s rent was $2,229.89, and the owner, upon that’s earlier tenant’s vacancy, incorporated apartment improvements (including relocating perimeter walls), such that the unit’s rent was legitimately increased to $3100Since, at the time, the governing… [read post]
12 Jan 2024, 7:31 am by Guest Author
The petitioners don’t even attempt to explain how the taxation of LLCs is consistent with their vision of constructive realization doctrine, preferring to pretend as if those entities don’t exist. [read post]
4 Dec 2023, 4:58 am by Peter Mahler
For those in RULLCA states, whose LLC statutes authorize judicial dissociation a/k/a expulsion of an LLC member, the additional lesson is not to underestimate the importance of the equities, both as to the circumstances justifying expulsion and the potential consequences that flow from expulsion. [read post]
20 Nov 2023, 9:01 pm by renholding
” In other words, the investment into Fairfield resulted in payments to BLMIS in the US.17 But the District Court perceived a more limited relevant act and decreed that “[t]he definition of the relevant act’ is dispositive here. [read post]
13 Nov 2023, 4:07 am by Peter Mahler
The petitioner alleged that because the LLC had no written operating agreement as required by LLC Law Section 417(a), the entity did not attain LLC status and therefore had to be treated as a partnership. [read post]
17 Oct 2023, 10:56 am by Dennis Crouch
Oct. 16, 2023) (quoting Elbit Sys. of Am., LLC v. [read post]
28 May 2023, 4:46 pm by Russell Knight
The spouse who doesn’t operate the business may still want a piece of the upside. [read post]
4 Nov 2022, 7:56 am by OTy9gYz
Tilted Arc was deconstructed and removed by t GSA from the federal plaza on March 15, 1989. [read post]
3 Nov 2022, 10:52 am by Mark Ashton
That would include the K-1s, the relevant portions of the operating agreement allowing income to be withheld and the documents issued by the corporation/partnership/llc explaining why the investor is not getting his share of the reported income. [read post]
9 Mar 2022, 4:45 am by Andrew Lavoott Bluestone
“In November 2018, “Toll Brothers, Inc. s/h/a Toll Brothers, Inc. a/k/a Toll GC LLC a/k/a Toll GC II, LLC” and Castanon moved to dismiss the underlying action pursuant to CPLR 306- b, asserting that they had not been served within 120 days after the complaint was filed. [read post]