Search for: "ACT Business LLC"
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6 Jan 2020, 4:21 am
As is my custom, I devote a post on this blog to each new episode of my Business Divorce Roundtable podcast. [read post]
13 Jan 2020, 1:25 pm
For example, Delaware has the “Delaware LLC Act” and Illinois has the “Illinois LLC Act”. [read post]
23 Oct 2023, 4:44 am
There is no rule that business partners have to like each other, and with a singular focus and paying tenant, [the realty LLC] is meeting the economic purpose for which it was established. [read post]
8 Sep 2015, 1:02 pm
Any writing or record...of any act, transaction, occurrence or event, shall be admissible in evidence in proof of that act, transaction, occurrence or event, if the judge finds that it was made in the regular course of business and that it was the regular course of any business and that it was the regular course of such business to make it, at the time of the action, transaction, occurrence or event, or within a reasonable time thereafter. [read post]
25 Sep 2018, 8:26 am
The post How to Plan for Exiting an LLC appeared first on IncNow. [read post]
16 May 2023, 6:55 am
In fact, some of the earliest adopters of LLCs as an acceptable form of business remain hostile territory for minority members. [read post]
21 Mar 2024, 5:50 am
UPDATE: We are aware that the Northern District of Alabama has found the Corporate Transparency Act (“CTA”) unconstitutional in National Small Business United et al. v. [read post]
27 Mar 2024, 6:00 am
Considering the provision, the Court also declined to invoke Section 18-302(f) of the LLC Act, which allows amendments with approval of all members, finding that section applies only where the LLC agreement lacks a mechanism for amendments. [read post]
29 Sep 2008, 11:08 pm
Curiously, the LLC involved here chose to have its operations governed by the DGCL as opposed to the Delaware LLC Act, which the court found to be quite allowable. [read post]
28 Nov 2018, 3:41 am
Under the business judgment rule, a fiduciary is typically not liable for business decisions made in good faith and with a certain level of care, even if they eventually adversely impact the LLC. [read post]
1 Sep 2023, 7:57 am
Under Pennsylvania Law, the members of an LLC (owners of an LLC are called “members”) have limited personal liability protection for the debts and obligations of the LLC and any negligent acts of the other members. [read post]
21 Jul 2011, 7:09 pm
Generally, a member can act on behalf of an LLC and sign and execute contracts. [read post]
21 Jul 2011, 7:09 pm
Generally, a member can act on behalf of an LLC and sign and execute contracts. [read post]
25 Jan 2010, 3:00 am
By far the most popular LLC Act for use in forming sophisticated LLCs is the Delaware Act. [read post]
18 Dec 2020, 11:50 am
IncNow is one of the most affordable formation services, both in terms of start up costs as well as the recurring fee to act as registered agent for your LLC. [read post]
20 Nov 2017, 2:13 am
” On the substantive side, the court fashioned a standard akin to the business-judgment rule, limiting a plaintiff to claims for “illegal acts, fraudulent acts, misallocation of LLC assets or profits or other ultra vires acts” as opposed to claims alleging a “poor business decision. [read post]
30 Jul 2021, 9:43 am
An LLC is made up of “members” who collectively own the LLC. [read post]
30 Aug 2021, 4:04 am
Rinaldi, LLC) Decandia involves an LLC in the construction management and general contracting business. [read post]
22 May 2017, 3:28 am
Not so under Section 18-101 (7) of the Delaware LLC Act which defines an LLC agreement as “any agreement . . . written, oral or implied, of the member or members as to the affairs of a limited liability company and the conduct of its business” (emphasis added). [read post]
22 May 2017, 3:28 am
Not so under Section 18-101 (7) of the Delaware LLC Act which defines an LLC agreement as “any agreement . . . written, oral or implied, of the member or members as to the affairs of a limited liability company and the conduct of its business” (emphasis added). [read post]
