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28 Jun 2021, 3:10 am
Najjar Group, LLC v West 56th Hotel LLC, recently decided by the U.S. [read post]
9 Dec 2022, 2:59 am
December 8, Chicago—NFA has ordered Gain Capital Group LLC (Gain) to pay a $700,000 fine. [read post]
13 Jul 2022, 9:15 pm
On the flip side, if the property is your personal residence, setting up an LLC may not make sense unless you are worried about privacy concerns, although with enough research, an LLC may not help you with the aspect of privacy, but it does provide an additional layer of research that somebody would have to do to figure out who owns your business. [read post]
9 Mar 2011, 9:43 am
LLCs Because an LLC, generally, does not recognize gain or loss on distributions of property, the individual LLC members who do not receive the distributed property usually need not recognize the gain or loss associated with the distribution. [read post]
26 Feb 2018, 3:49 am
Unlike the LLC statutes in many other states, New York’s LLC Law does not authorize the LLC or any of its members to seek judicial expulsion of another member, no matter how egregious the member’s behavior. [read post]
7 Jul 2010, 9:12 am
The Court went on to note that Colorado does not require any “magic words” in the operating agreement to make the assignment void such as a specific statement that the assignment would be void. [read post]
25 Jun 2018, 12:57 pm
How Does Blockchain Technology Factor In? [read post]
22 Feb 2016, 8:25 pm
More importantly, the statute does not treat noneconomic rights as property. [read post]
9 May 2019, 10:32 am
Who is Ford Motor Credit Company LLC? [read post]
30 Dec 2017, 6:12 pm
That is not to say that LLCs cannot be properly used for asset protection purposes under the correct circumstances, but once an LLC has incurred liability, transferring assets to another company or to the owners, especially if the LLC does not receive fair market value in exchange for the assets, will likely result in the company’s veil being pierced to enable its creditors to reach at least the transferred assets and perhaps the other assets of the… [read post]
30 Dec 2017, 6:12 pm
That is not to say that LLCs cannot be properly used for asset protection purposes under the correct circumstances, but once an LLC has incurred liability, transferring assets to another company or to the owners, especially if the LLC does not receive fair market value in exchange for the assets, will likely result in the company’s veil being pierced to enable its creditors to reach at least the transferred assets and perhaps the other assets of the… [read post]
2 Jan 2007, 1:47 am
As soon as your LLC does business in New York, your foreign LLC has to publish too (See Section 802 (b) of the Limited Liability Company Law). [read post]
31 Jul 2019, 1:44 pm
Department of Energy (DOE) issued an order authorizing Gulf LNG Liquefaction Company LLC to export, over a 20-year term, up to 558.9 Bcf/yr of LNG from its proposed Gulf LNG Liquefaction Project in Jackson County, Miss., to nations without a free trade agreement with the United States (non-FTA). [read post]
16 Mar 2015, 5:28 am
The debtor moved to dismiss the charging lien action on the grounds that the Florida district court does not have jurisdiction over the debtor’s membership interest in an LLC formed outside the U.S. [read post]
22 May 2017, 3:28 am
Two recent cases — one from each state — highlight at least one important area where the common perception does not apply: majority rights under the statutory default rules to adopt or amend an LLC operating agreement without the consent of all the members. [read post]
22 May 2017, 3:28 am
Two recent cases — one from each state — highlight at least one important area where the common perception does not apply: majority rights under the statutory default rules to adopt or amend an LLC operating agreement without the consent of all the members. [read post]
22 Sep 2021, 1:15 pm
Also, this case substantiates that a person does not necessarily have to contribute money to become an LLC member. [read post]
19 Jul 2021, 2:00 am
Delaware’s LLC statute does not have a provision granting appraisal rights to members who dissent from a merger, but as this Dorsey & Whitney blog points out, that doesn’t necessarily mean you won’t have to deal with them in a deal involving an LLC target: Section 18-210 of the Delaware Limited Liability Company Act states that […] [read post]
13 Mar 2022, 5:50 pm
Parker Infrastructure Partners, LLC, C.A. [read post]
10 Dec 2018, 2:45 pm
Josh writes: Tom Rutledge posts the following over at the Kentucky Business Entity Law Blog: LLC Members Are Not the LLC’s Employees There is now pending before the Eighth Circuit Court of Appeals of... [[ This is a content summary only. [read post]
