Search for: "Provident Operating Company, LLC"
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7 May 2021, 1:14 pm
An Operating Agreement may provide for additional required capital contributions if the company requires additional funds. [read post]
3 Feb 2014, 3:51 am
RULLCA section 111(b) provides that “[a] person that becomes a member of a limited liability company is deemed to assent to the operating agreement. [read post]
19 Oct 2009, 8:00 am
The Operating Agreement also provided for advancement of expenses and indemnification for members, managers and officers of the company when certain criteria are satisfied. [read post]
17 Feb 2016, 3:34 pm
“Such agreements operate to displace otherwise applicable default provisions in Delaware’s Limited Liability Company Act. [read post]
10 Mar 2009, 11:15 am
It specifically held, however, that such duties may be included in Operating Agreements if the members so desire and, thus, arise by contract.For these reasons the court concluded that as a member of the LLC, Orr lacked standing to pursue a direct claim against the LLC’s manager.Now that the Supreme Court has spoken on the issue, those forming LLCs would be wise to discuss whether such duties between the members or the members and manager of the LLC… [read post]
27 May 2012, 5:00 pm
Also note that in many states, an LLC is prohibited from rendering “professional services” which can include companies providing services that require a license, registration or certification. [read post]
8 Sep 2016, 9:48 am
Vanguard Healthcare LLC is headquartered in Brentwood, Tennessee, and has 14 long-term care nursing home providers operating around the United States. [read post]
9 Dec 2019, 1:05 am
The Company continues to possess a leasehold interest in the Premises, to finance its monthly operating costs of approximately $10,000.00, and to provide services to its client members. [read post]
5 Oct 2012, 10:12 am
For businesses operating as LLCs, it a new world with new rules. [read post]
11 Oct 2021, 9:02 am
IncNow can provide this document at the time you form a company or up to 20 days after formation. [read post]
19 Jul 2007, 7:36 pm
First, an LLC provides no asset protection against lawsuits brought against the LLC. [read post]
18 Nov 2011, 8:06 am
An LLC has no board of directors and similar to a general partnership, members of an LLC have the right to participate in management of the LLC, unless the LLC's articles of organization and operating agreement provide that the LLC is to be managed by a manager or managers. [read post]
11 Sep 2021, 8:16 am
Ostensibly forced out of the business he helped found, Peter sued Anthony and Zachary in Brooklyn Supreme Court alleging claims five claims: (i) a declaratory judgment that Section 10.1 of the Operating Agreement prohibited amendment without unanimity of the Class A members, (ii) breach of the Operating Agreement, (iii) breach of the implied covenant of good faith and fair dealing, (iv) violation of Section 409 of the Limited Liability Company Law requiring LLC… [read post]
29 Aug 2011, 3:00 am
Under Section 603 of New York's LLC Law, unless the operating agreement says otherwise, membership interests in limited liability companies (LLCs) are freely transferable but the transferee only gets the transferor's economic rights to distributions and allocation of profits and losses. [read post]
8 Aug 2017, 2:30 pm
Anguilla provides advantages for Hedge Funds and IBCsIn 2004, Anguilla added legislation that provided for mutual funds, captive insurance and protected cell companies. [read post]
10 May 2024, 12:30 pm
Prepare An LLC Operating Agreement The LLC Operating Agreement is the company document that outlines the structure of an LLC. [read post]
5 Nov 2016, 8:26 am
§605.0304(1) provides for the limited liability of LLC members - it provides: "A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. [read post]
12 Sep 2012, 6:45 am
Operating Agreement The central document for an LLC is the operating agreement. [read post]
7 Nov 2010, 2:29 pm
The court interpreted Section 18-1002 of the Delaware LLC Act, which provides: In a derivative action, the plaintiff must be a member or an assignee of a limited liability company interest at the time of bringing the action and: (1) At the time of the transaction of which the plaintiff complains; or (2) The plaintiff’s status as a member or an assignee of a limited liability company interest had devolved upon the plaintiff by operation of law or… [read post]
14 Sep 2009, 10:42 am
Contact Raymond McKenzie at 301-330-6790 or ray@mckenzie-legal.com Limited Liability Limited liability companies (“LLCs”) have become increasingly popular over the past several years as alternatives to corporations because they legally enjoy the same limited liability advantages as corporations, while also providing certain tax benefits that not all corporations do. [read post]
