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24 May 2024, 7:22 am by Stefana
By default, the US classifies LLCs as pass-through entities. [read post]
26 Mar 2014, 2:00 am by Taras Rudnitsky
Plaintiff: Galaxy Portfolio LLC / Worldwide Asset Purchasing, LLC Original Creditor: Direct Merchant Bank, N.A. [read post]
23 Oct 2023, 4:44 am by Peter Mahler
Courts in many if not most other states do not operate under the same statutory confines in LLC dissolution cases. [read post]
1 Sep 2010, 6:09 pm by Larry Ribstein
Krohn Racing, LLC, which refused after trial to dissolve an LLC under Delaware §18-802. [read post]
8 Mar 2010, 12:12 pm by Thomas Kerner
  Whereas the law does not allow a judgment creditor to do the same with a person's membership interest in an LLC. [read post]
5 Mar 2019, 11:40 am by Rush Nigut
Since I see on a regular basis operating agreements that do not incorporate the changes in the regulations, I thought I would mention a key change in this post. [read post]
28 Jan 2014, 2:24 am by Lawrence B. Ebert
Note the various cases involving plaintiff-appellant REALTIME DATA, LLC (doing business as IXO)Realtime Data, LLC (“Realtime”) appeals from multi- ple decisions of the United States District Court for the Southern District of New York, granting motions filed by several companies in the financial services industry (the “Defendants”) for summary judgment of (i) noninfringe- ment of various claims of U.S. [read post]
19 Apr 2021, 4:03 am by Peter Mahler
To be clear, I do not here suggest that Simon is the victim of majority abuse; the court found no fiduciary breach based on the terms of the operating agreement supported by the business judgment rule. [read post]
4 Apr 2018, 11:40 am by IncNow
In multi-member LLC agreements (even husband and wife two-member LLCs), the LLC again defaults to pass-through tax treatment. [read post]
11 Aug 2014, 6:47 am by Michael Smith
I do not believe so, or at least I do not believe that it should, based in part on a provision of the Indiana Business Flexibility Act, the statute that governs Indiana LLCs. [read post]
17 Jun 2021, 6:13 am by Benjamin P. Edwards
My reading of changes to the Nevada statute in 2019 meant that Nevada LLCs do not come with default fiduciary... [read post]
15 Apr 2021, 8:11 am by IncNow
Shareholders do not elect the Officers of a corporation. [read post]