Search for: "ACT Business LLC"
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6 Apr 2017, 8:40 am
Kraft Food Brands LLC (Kraft) is organized under Delaware law with its principal place of business in Illinois. [read post]
24 Mar 2017, 8:57 am
Delaware Courts: Business Expert Judges The reason other states cannot “match” the advantages of the Delaware LLC Act simply by replicating their statutes to match Delaware statutes is because Delaware also has a court system to enforce these rights and the internal organizational documents of the LLC in a predictable manner. [read post]
17 May 2011, 4:29 am
General Partnership Similar to the sole proprietorship in the ease of formation, the only requirement to form a general partnership is that two or more people engage in a business activity for profit (Uniform Partnership Act). [read post]
18 Dec 2023, 10:44 am
Limited Liability Companies (LLCs) are a popular business structure known for providing liability protection to its members. [read post]
22 Apr 2022, 4:38 pm
Facts: Ebaugh was a former employee of Hardwire LLC, who was terminated in February, 2013 and formed a competitive business, Infrastructure Armour, LLC, allegedly using Hardwire’s trade secrets and confidential information to obtain a multi-million-dollar bridge contract from Freyssinet International. [read post]
Chancery Denies Member Status to Individual Not Admitted By Members in Accordance With LLC Agreement
5 Dec 2022, 6:00 am
Oct. 26, 2022)The LLC Act generally provides that someone is admitted as an LLC member as provided in the LLC agreement. [read post]
6 Apr 2020, 12:41 am
The business was decimated in 2012 by anti-Airbnb legislation, leading to a mortgage default, foreclosure action, and distress sale. [read post]
15 Jun 2023, 6:06 am
Her status was as a dissociated member under New Jersey’s Revised Limited Liability Company Act meant that she had no management rights in the business. [read post]
12 Oct 2008, 11:00 am
Even though the appellate court hadn't ruled on whether an LLC can litigate only if represented by a lawyer, the same rule applies.The right to conduct business confers privileges, and one of those is the obligation to hire an attorney if you want to sue or defend on behalf of the company, Judge Posner wrote. [read post]
22 Apr 2024, 1:35 am
Freelance businesses, real estate businesses, consultant firms, and other small businesses often elect LLC status. [read post]
6 Sep 2011, 4:43 am
Filed under: limited liability companies, litigation, LLCs, uncorporations, Unincorporated business entities [read post]
16 Sep 2011, 7:13 pm
Issue Addressed This is a books and records action involving an LLC, based on Section 18-305 of the Delaware LLC Act. [read post]
27 Sep 2012, 8:50 am
Remedies for Deadlock and Oppression- The New Jersey Revised Uniform LLC Act (Section 48) provides remedies for oppressed minority owners of an LLC that mirror those found in the New Jersey Business Corporations Act. [read post]
4 Feb 2010, 9:30 am
The same day I posted my most recent blog post on Trusting Your Estate or Business Planning to A Nonlawyer, a client came in with an LLC (Limited Liability Company) formed by his or her banker here in Colorado. [read post]
25 Jul 2011, 1:18 pm
Limited Liability Company (LLC) During the past 30 years, the LLC has risen from realtive obscurity in Wyoming to wide-spread acceptance and usage in every state as an entity of choice for many businesses and for many asset protection plans. [read post]
4 Dec 2023, 9:46 am
It is essential for all members of an LLC to act in good faith, respecting the rights and interests of each stakeholder for the company’s success and fairness within the business structure. [read post]
20 Sep 2017, 9:18 am
We previously reported on the Supreme Court’s decision in TC Heartland LLC v. [read post]
28 Feb 2024, 11:49 am
But every competitive act does not qualify as an unlawful competitive act. [read post]
26 Sep 2022, 3:49 am
The statutes authorizing judicial dissolution of Delaware LLCs (LLC Act § 18-802) and New York LLCs (LLC Law § 702) essentially are the same: the petitioner must show that it is no longer “reasonably practicable” to carry on the business in conformity with the LLC’s operating agreement. [read post]
21 Nov 2023, 9:57 pm
When forming your business, you may choose to structure it as a sole proprietorship, partnership, limited liability company (LLC), or corporation. [read post]
