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17 Jun 2019, 3:16 am
David did not make himself a Class A member prior to Richard’s death, despite his managerial authority to do so under the operating agreement. [read post]
2 Feb 2022, 8:16 pm
The start of 2022 is here, and in addition to the usual beginning-of-year tasks for businesses, every LLC organized or qualified to do business in Ohio should familiarize itself with Ohio’s Revised Limited Liability Company Act (“New LLC Act”), which is now set to become effective on February 11 of this year (the Ohio legislature adopted the new statute in January 2021). [read post]
22 Feb 2012, 9:40 am
Do you want all the members to have the same rights? [read post]
9 Nov 2017, 1:08 pm
The statute of limitations issues are a significant risk that unrepresented LLCs take when they do not hire a lawyer to represent them. [read post]
18 May 2023, 10:47 am
LLC members are not considered employees, and therefore, do not receive a salary. [read post]
27 Mar 2024, 6:00 am
Campus Eye Management, LLC, C.A. [read post]
30 Oct 2016, 2:43 pm
If you do file an answer, it is likely that Cavalry SPV I LLC at some point in the next couple of months will file a motion for summary judgment stating that they have evidence that you owe the debt and that they should win their case. [read post]
3 Aug 2013, 5:20 pm
If you have a California LLC or corporation that has gone out of business or is about to do so, call or email Mr. [read post]
17 Dec 2021, 7:44 am
While there might be instances where you do remain personally liable – for example, if you decide to personally guarantee a loan for your LLC – in most situations you will have limited liability and your personal assets won’t be at risk. [read post]
1 Aug 2023, 12:15 am
and Do These 2022 Legislative Changes Require A Bylaw Refresh? [read post]
11 Jun 2012, 5:57 pm
I have written before that Florida asset protection planning should involve LLC’s formed in Florida unless the LLC is actually doing business in or owns property in a foreign state. [read post]
17 Mar 2023, 3:09 am
Do Not Let It Slip Away. [read post]
4 Feb 2024, 3:17 pm
Accordingly, the entities’ operating agreements do not demonstrate that the breach of contract claims are palpably insufficient. [read post]
18 Jan 2007, 11:10 am
You haven't started doing business with the LLC, the LLC has no assets, no members, and you just want to make it go away and form a shiny new corporation with the same name. [read post]
11 Mar 2014, 12:11 pm
Do you need to worry about the repealed Act? [read post]
5 Jan 2010, 1:17 pm
Adopt an Operating Agreement Although Virginia law does not require an LLC to adopt an operating agreement, I highly recommend that you do so for your business. [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]
18 Jan 2018, 9:17 am
You may think, “Really, do musicians get sued that often? [read post]
24 Mar 2012, 7:16 am
Forming an LLC is really very simple and if your budget is limited, you can do it yourself. [read post]
23 May 2022, 4:17 pm
In doing your research, you may have come across the term “umbrella LLC” and wondered what, exactly, it means and how it can apply to your businesses. [read post]
