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4 May 2020, 12:16 am by Peter Mahler
There is, of course, a way to pack more punch into an LLC manager’s contractually authorized sole-discretion: form the LLC in Delaware and include in the operating agreement a provision as authorized by Delaware’s LLC Act — for which New York’s LLC Law has no counterpart — expressly waiving all of the manager’s fiduciary duties. [read post]
22 Apr 2024, 5:56 am by ngritacco
”  This requirement differs from that of the Federal CTA, which does not require any filings from exempt companies. ii. [read post]
16 Apr 2018, 3:46 am by Franklin C. McRoberts
Assuming the operating agreement does not act as a complete bar, could an executor of a deceased LLC member fashion a derivative claim “for the purpose of settling his or her estate”? [read post]
1 Mar 2021, 7:00 am by Jay R. McDaniel, Esq.
What does it take to make someone a member of a limited liability company? [read post]
17 May 2012, 12:34 pm by Kyle Kruidenier
  Whereas, the record does not need show these additional disclosures for property transferred by a corporation. [read post]
16 Nov 2021, 1:32 pm by lennyesq
Importantly, this new guidance does not impact LLCs currently recognized as described in Code Section 501(c)(3). ***   Read more… [read post]
9 Jul 2019, 10:05 pm by Francis Pileggi
The introductory clause of an LLC agreement, such as the “whereas clause” in other documents, typically does not have “substantive effect” and does not establish agreed upon facts. [read post]
22 Jul 2019, 2:49 am by Peter Mahler
The LLC Law, unlike the Business Corporation Law, does not specify receiver compensation rates. [read post]
18 Aug 2010, 6:14 am by Gordon Smith
Second, while Mohsen illustrates how an LLC's governing documents could "contractualize" certain matters that, in a corporate context, might be evaluated under a mandatory, indeterminate, fiduciary standard, he does not provide evidence that LLCs routinely avail themselves of this opportunity. [read post]
19 Dec 2011, 10:12 am by Kyle Hulten
Pass-Through Taxation The federal government does not recognize an LLC as a classification for federal tax purposes. [read post]
15 Sep 2017, 2:00 pm by Eversheds Sutherland
Department of Energy (DOE) issued an order authorizing Eagle LNG Partners Jacksonville II LLC (Eagle Maxville) to export over 20 years up to 2.8 Bcf/year (0.01 Bcf/day) of LNG to nations with and without a Free Trade Agreement with the United States. [read post]
6 Jul 2017, 2:01 pm by Eversheds Sutherland
Eagle LNG Partners Jacksonville II LLC (Eagle Maxville) has filed an application with the U.S. [read post]
6 Jul 2017, 2:01 pm by Eversheds Sutherland
Eagle LNG Partners Jacksonville II LLC (Eagle Maxville) has filed an application with the U.S. [read post]
15 Sep 2017, 2:00 pm by Eversheds Sutherland
Department of Energy (DOE) issued an order authorizing Eagle LNG Partners Jacksonville II LLC (Eagle Maxville) to export over 20 years up to 2.8 Bcf/year (0.01 Bcf/day) of LNG to nations with and without a Free Trade Agreement with the United States. [read post]
30 Jan 2023, 4:52 am by Franklin C. McRoberts
’ However, Doeblin does not allege how MacArthur, as a non-managing member of [the Company], assumed fiduciary duties prior to his conversation with the landlord. [read post]