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15 Nov 2022, 9:24 am
If an LLC employee causes a serious personal injury to a third party while doing his or her job for the LLC, the LLC’s members are not personally liable for it. [read post]
13 Nov 2023, 4:07 am
The petitioner alleged that because the LLC had no written operating agreement as required by LLC Law Section 417(a), the entity did not attain LLC status and therefore had to be treated as a partnership. [read post]
6 May 2009, 6:54 am
THQ/Jakks Pacific LLC, C.A. 4295-VCL (May 5, 2009) When the business of an LLC is limited, so too may inspection rights be limited. [read post]
12 Sep 2012, 6:45 am
Please do not post confidential or fact-specific information regarding your legal questions on this site. [read post]
20 Jun 2022, 4:41 am
In this relatively short post I cannot possibly do justice to their scholarship and for that I apologize to Dean Weidner and Professor Kleinberger. [read post]
12 Aug 2010, 4:06 am
But they have to do it carefully. [read post]
27 Jun 2010, 8:15 am
Opening up the statutes to relationships that do not fit the rules of the business association rendered them incoherent. [read post]
8 Dec 2016, 1:51 pm
Continue Reading The post LLCs for Estate Planning and Keeping the Family Cabin in the Family appeared first on Indiana Business Law Blog. [read post]
8 Dec 2016, 1:51 pm
Continue Reading The post LLCs for Estate Planning and Keeping the Family Cabin in the Family appeared first on Indiana Business Law Blog. [read post]
12 Jun 2019, 6:07 am
What Should You Do? [read post]
17 Dec 2022, 10:35 am
The Tennessee Revised Limited Liability Company Act (the “Act”) sets forth the circumstances under which a limited liability company (“LLC”) member or manager may be liable to the LLC or to other LLC members. [read post]
24 Nov 2015, 12:15 pm
The corporation is an entity distinct from the owners of the stock (called stockholders or shareholders), and the shareholders do not directly own any of the assets that belong to the corporation. [read post]
8 Nov 2017, 5:14 am
They do not have stock and instead are run by its members through a board of directors. [read post]
21 Jun 2010, 8:37 am
RULLCA §409-410 do not provide for pre-formation duties to those who are not members, and I’m not aware of any LLC case law on the issue (see Ribstein & Keatinge, §9:5). [read post]
7 Feb 2012, 6:15 am
This strategy is helpful when business owners don't want others to know what their doing through public searches on the Secretary of State's site. [read post]
3 Oct 2016, 3:20 am
The combination of majority rule and lack of exit rights leaves minority members of LLCs vulnerable to freeze-out and other oppressive conduct by the majority, yet unlike in the large majority of states which provide statutory dissolution and buy-out remedies to oppressed minority shareholders in close corporations, most states (including New York) do not offer similar protection and remedies for minority LLC members. [read post]
9 Apr 2009, 2:57 pm
Nineteen states, including Florida, do not tax or only nominally tax the operations of these pass-through entities. [read post]
12 Oct 2011, 6:00 am
Do we also have to file articles of organization for a foreign LLC in other states in order to play gigs there? [read post]
24 Sep 2018, 2:31 am
What’s a weaponized LLC? [read post]
7 Jul 2010, 9:12 am
But very often, when potential members consider the issues, they do not want to allow the membership interests to be freely transferable and they want to have some control over who can be, or become, a member of the LLC. [read post]
