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1 Nov 2011, 7:30 am
The one exception being that the Illinois Limited Liability Act provides that failure to observe corporate formalities is not a ground for imposing personal liability on the members of an LLC. [read post]
23 Apr 2012, 2:53 pm
Why you should have an LLC Operating Agreement: While the New York limited liability company law provides for some default rules applicable to LLC businesses that do not have an LLC operating agreement in place, the members of the business are well advised to craft their own rules by way of an LLC Operating Agreement (which is actually required by law in New York, Section 417). [read post]
22 Sep 2014, 5:43 am
Suppose someone wants to create an LLC in another state because that state’s laws provide better protection. [read post]
20 Sep 2022, 2:07 pm
These restrictions are put in place to prevent the hostile takeover of a company by an unwanted individual. [read post]
30 Jan 2017, 3:34 am
An appellate decision last week sounds alarm bells for minority members of New York LLCs that have no operating agreement and for anyone considering becoming a minority member of an LLC without first having in place an operating agreement. [read post]
2 May 2016, 3:09 am
” The estate argued that the statute was mandatory, and not permissive, because it lacks the magical “unless otherwise provided in the LLC agreement” language. [read post]
18 Jan 2018, 12:32 pm
Creditors are not entitled to LLC property or an ownership stake in the LLC, while The Uniform LLC Act does not always provide the same protection to LLCs formed in states that adopted this Act. [read post]
14 May 2018, 1:22 pm
Silver Law Group is currently investigating Melville, NY based broker Joseph Francis Valdini regarding complaints pertaining to failure to provide due diligence to investor clients and placing unauthorized trades with subsequent margin call sellouts that caused major financial damages to investors. [read post]
8 Jul 2016, 10:36 am
It is important that any specific requirements regarding the voting of member(s) are followed, such as providing for when a meeting to vote should take place, whether any advance notice to the LLC’s members is required in preparation for the meeting, and what required percentage of members is needed to pass the vote. [read post]
6 Feb 2020, 1:47 am
Your LLC’s Tax Identification Number, also known as an Employer Identification Number, is provided by the Internal Revenue Service (IRS). [read post]
2 Jun 2011, 11:07 am
Why you should have an LLC Operating Agreement: While the New York limited liability company law provides for some default rules applicable to LLC businesses that do not have an LLC operating agreement in place, the members of the business... [read post]
21 Aug 2017, 11:05 am
Williams Oinonen LLC was a proud supporter of the Girl’s Inc. [read post]
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]
7 Aug 2017, 9:49 am
For example, the Revised LLC Act provides that unless the members of an LLC otherwise agree, all distributions of profits shall be shared equally between members. [read post]
7 Aug 2017, 9:49 am
For example, the Revised LLC Act provides that unless the members of an LLC otherwise agree, all distributions of profits shall be shared equally between members. [read post]
7 Aug 2017, 9:49 am
For example, the Revised LLC Act provides that unless the members of an LLC otherwise agree, all distributions of profits shall be shared equally between members. [read post]
18 Jan 2023, 12:56 pm
The first place to look for your company’s EIN number is the original EIN Confirmation Letter. [read post]
27 Jan 2023, 11:04 am
When disputes or problems arise between members or managers of an LLC, the operating agreement will be the place to look to determine the available remedies. [read post]
27 Jan 2023, 11:04 am
When disputes or problems arise between members or managers of an LLC, the operating agreement will be the place to look to determine the available remedies. [read post]
15 Jul 2013, 6:51 pm
Therefore, unlike under Beverly-Killea, RULLCA requires that a written operating agreement be in place for an LLC to be manager-managed. [read post]
