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20 Aug 2018, 10:14 am by Jay R. McDaniel, Esq.
A trial court reasons that because a member-managed limited liability company is similar in management to a partnership, the court may reason from partnership law in fashioning a remedy for an expelled member. [read post]
13 Sep 2013, 8:43 pm by Vishnu S
Related posts:Partnership Firm Classification of Companies Arbitration Agreements: Understanding the Basics [read post]
18 Sep 2013, 9:32 am by Vishnu S
Related posts:Understanding Limited Liability Partnership ( LLP ) Partnership Firm Classification of Companies [read post]
12 Feb 2008, 7:11 am
While it is reported that the Limited Liability Partnership Bill is likely to be cleared during the Budget session of Parliament, there have been some interesting developments that will make limited liability partnerships (LLPs) attractive, at least to some types of business.The first relates to multi-disciplinary partnerships (MDPs). [read post]
29 Sep 2010, 6:06 am by Smarter Will Team
A family limited partnership can only be formed among related family members, and is usually created by parents or grandparents with the intent of passing on a family business or investments to their heirs. [read post]
7 Jul 2021, 10:36 am by Maurice W. McLaughlin
It is always wise to have the terms governing the owners’ of a business’s relations and the management of the business spelled out in writing, whether this be a shareholder agreement for a corporation, a partnership agreement for a partnership, or an operating agreement for a limited liability company (“LLC”). [read post]
11 Aug 2010, 7:43 am by On the Net
Related posts:The Family Limited Partnership, the Transfer Taxes, and the Income Tax Ten Estate Planning Advantages of Limited Liability Companies Ten Estate Planning Advantages of Limited Liability Companies [read post]
2 Nov 2020, 4:41 am by Franklin C. McRoberts
The Facts In 1982, Ninety-Five Madison Company (the “Partnership”) was formed as a New York limited partnership to own and operate a 16-story commercial building in Manhattan. [read post]
17 Jul 2012, 1:12 pm by Idaho Estate Planning
A recent article in The New York Times titled "In an Unusual Tax Year, the Wealthy Turn to Partnerships" explores the power of the Family Limited Partnership (FLP). [read post]
6 Jul 2022, 12:15 am
The California Corporations Code governs the birth and death of a wide variety of entities, including corporations, limited partnerships, and limited liability companies. [read post]
19 Jun 2022, 6:24 am
Under the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022 (the “Regulations”), certain companies and LLPs—including large private companies—are now obliged to make disclosures of climate-related financial information for accounting periods beginning on or… [read post]
19 Jun 2022, 6:24 am
Under the Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022 and Limited Liability Partnerships (Climate-related Financial Disclosure) Regulations 2022 (the “Regulations”), certain companies and LLPs—including large private companies—are now obliged to make disclosures of climate-related financial information for accounting periods beginning on or… [read post]
26 Jul 2013, 9:29 pm by Vishnu S
Limited resources and unlimited liability of partners are two important limitations of partnerships of partnerships in undertaking big business. [read post]
20 Jul 2012, 3:00 am by Kyle Krull
A recent article in The New York Times titled "In an Unusual Tax Year, the Wealthy Turn to Partnerships" explores the power of the Family Limited Partnership (FLP). [read post]
3 Jun 2019, 5:48 am
Legislation proposing to amend the Delaware Limited Liability Company Act (LLC Act), the Delaware Revised Uniform Limited Partnership Act (LP Act) and the Delaware Revised Uniform Partnership Act (GP Act) (collectively, the LLC and Partnership Acts) has been introduced to the Delaware General Assembly. [read post]
15 Aug 2023, 4:50 am by Jay R. McDaniel, Esq.
Limited Liability Companies Often Do Not Have Operating Agreements Entrepreneurs choose limited liability companies as the form of a new business far more often than corporations or partnerships. [read post]
26 Nov 2013, 10:19 pm by Vishnu S
Limited Liability Partnership: India’s Touching New Milestones Author: Abhinav Gaur, Research Associate The concept of Limited Liability Partnership has been a recent phenomenon in India, introduced in India by way of the Limited Liability Partnership Act, 2008....... [read post]
20 Mar 2018, 2:50 pm by Joshua Fershee
In a recent case, a Massachusetts court deals with issues related to Bling Entertainment, LLC, which is, as you would expect, a limited liability company. [read post]