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17 Nov 2022, 8:45 am
If the LLC Operating Agreement does not function properly, the whole business becomes vulnerable to creditors and disputes. [read post]
6 Aug 2010, 7:48 am
The Decision Though the law discusses how LLC assets are distributed during dissolution, it does not discuss what to do with nondistributed assets after an LLC’s cancellation. [read post]
30 Oct 2016, 2:43 pm
If your case does not have a case number, you still must respond to the complaint to avoid a default judgment being entered against you. [read post]
26 May 2022, 6:09 am
As explained elsewhere, when an LLC does not have an operating agreement, you have to look to ... [read post]
1 Jun 2023, 9:40 am
Does a Delaware LLC Need to Register in New York? [read post]
17 May 2011, 6:23 am
” The bill does not define a multi-member LLC other than state that a multi-member LLC is an LLC with more than one member. [read post]
26 Jan 2008, 12:37 pm
This one does give one a good idea of the complexity of a good LLC operating agreement and its best feature is it is free. [read post]
2 Feb 2020, 7:05 am
For example, New Jersey’s statutory criteria are set out in N.J.S.A. 42:2C-46 and provide three circumstances in which the court, on application by the LLC, may order the expulsion of the LLC member. [read post]
29 Jan 2010, 2:38 am
The LLC Law Monitor does exactly what its title says - it provides insight and commentary on the law of limited liability companies. [read post]
4 Feb 2015, 12:53 pm
That he personally takes your case to court himself and does not just send someone in place of him. [read post]
23 May 2022, 4:17 pm
As a result, it can be a potentially cost-saving option for people whose risk tolerance and assets profile does not justify the cost of forming separate subsidiary LLCs. [read post]
5 Oct 2014, 2:18 pm
The court may permit such reimbursement for fees and expenses even if the plaintiff member does not recover a monetary judgment, but obtains injunctive or other equitable relief. [read post]
3 Sep 2018, 6:16 pm
In this case, because the LLC agreement does not specify the payout for an expelled member, and the LLC employed a member-managed model, akin to a partnership, the member in this case was entitled to a payout “equal to the fair value of such partner’s economic interest. [read post]
14 Sep 2013, 4:43 pm
TCYK LLC v. [read post]
19 Dec 2022, 1:20 pm
A Registered Agent needs to forward legal notices to you in a timely manner so that your company does not get hit with penalties or default judgments. [read post]
27 Sep 2018, 2:55 am
This would usually happen if the LLC is manager-managed and at least one member does not participate in the day-to-day operations of the business. [read post]
11 Aug 2014, 11:47 am
Code section 23-18-4-8(e) specifies that failure to maintain those records does not constitute grounds for holding the owners personally liable for the obligations of the LLC. [read post]
28 Apr 2013, 4:36 pm
How does the LLC dissolve or elect to dissolve a company and what are the procedures for winding up the LLC? [read post]
20 Nov 2006, 6:41 am
The franchisor may be a corporation or LLC but that does not make your own franchise business a corporation or LLC. [read post]
22 Feb 2012, 9:40 am
The argument that it is harder to raise funds if you are an LLC as opposed to a corporation does not carry much sway nowadays. [read post]
