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13 Oct 2022, 10:59 am
The United States settled a False Claims Act case brought by a client of the Whistleblower Law Collaborative LLC, against DermaTran Health Solutions LLC, a compounding pharmacy based in Rome, Georgia, its parent State Mutual Insurance Company, President Delos Yancey, and other defendants. [read post]
1 Jan 2018, 6:06 pm
Senate Enrolled Act 443 creates, effective as of January 1, 2018, a new Article 0.5 in Title 23 of the Indiana Code, the Uniform Business Organizations Code, that includes a number of provisions that apply to Indiana business corporations (including professional corporations and benefit corporations, but excluding insurance companies), limited liability companies (LLCs, including series LLCs), limited partnerships (LPs), limited liability partnerships… [read post]
21 Mar 2016, 3:28 am
By 2003 the business began to generate profits which were distributed pro rata based on membership percentages; none of the principals received a salary. [read post]
25 Aug 2014, 3:31 am
Section 7 (a) of the operating agreement vested management of the LLC “in its Members acting as Managers” and provided that all decisions require “the unanimous consent of the Managers. [read post]
5 Jan 2018, 6:05 am
The Tax Cuts and Jobs Act (the “TCJA” or the “Act”) will reduce business tax rates and revamp the US international tax system. [read post]
3 Jul 2013, 12:52 pm
” This mirrors similar language in the Delaware LLC Act, which provides: “It is the policy of this chapter to give the maximum effect to the principle of freedom of contract and to the enforceability of limited liability company agreements. [read post]
3 Jul 2013, 12:52 pm
” This mirrors similar language in the Delaware LLC Act, which provides: “It is the policy of this chapter to give the maximum effect to the principle of freedom of contract and to the enforceability of limited liability company agreements. [read post]
14 Sep 2019, 5:59 pm
When a business is selling counterfeits, it is not necessary to prove that the violating business was acting in bad faith. [read post]
4 Mar 2023, 1:18 pm
The post Sherwin-Williams agree to pay $1 million settling False Claims Act case of fraud on federal Disadvantaged Business Enterprise program and contract to paint the George Platt Bridge appeared first on Jeff Newman Law. [read post]
10 Feb 2017, 6:00 am
” Is Arbitration Provision in LLC Operating Agreement Enforceable? [read post]
9 Jul 2015, 8:01 am
First, the Indiana Business Flexibility Act allows LLCs to be organized for “any business, personal, or nonprofit purpose,” which certainly seems broad enough to include the combination of business and public benefit purposes for which benefit corporations are created. [read post]
28 Jun 2010, 4:00 am
It seems the only way NY business people involved in business formation can avoid this problem is simply to avoid New York. [read post]
26 Sep 2022, 12:15 am
Code § 17701.03(o), every manager is an agent of the LLC for purposes of its business or affairs. [read post]
2 Apr 2010, 6:15 am
It is generally owned by either one person acting alone or a married couple. [read post]
1 Jun 2011, 9:44 am
Keeping the Liability of Your Business Limited After Formation Payroll Taxes for a Single Member LLC [read post]
30 Sep 2010, 10:37 am
Unless you have an operating agreement stating otherwise, if a business partner or member of your LLC declares bankruptcy, the LLC statutes in South Carolina characterize such an act as a wrongful dissociation. [read post]
20 Jun 2014, 1:24 pm
” A series LLC will allow the company to carry on multiple business divisions within one company. [read post]
11 Aug 2016, 2:25 pm
Vaughn”), and Cavalier Union Investments, LLC (“Cavalier Union”) (collectively the “Defendants”), alleging that they violated Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (the “Securities Act”), as well as Section 10(b) of the Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder (the “Complaint”). [read post]
13 Jan 2021, 6:04 pm
General statements that the business has such valuable information cannot act as a substitute for proof. [read post]
12 Aug 2013, 3:31 am
That’s because the default rule under §502(c) of the New York LLC Law, like §18-502(c) of the Delaware LLC Act, requires any penalties or consequences for the failure to make contributions to be specified in the operating agreement. [read post]
