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8 Nov 2012, 4:01 pm
The Court reserved the question of default fiduciary duties, but noted that whether the LLC statute does—or does not— impose default fiduciary duties is one about which reasonable minds could differ. [read post]
7 Nov 2011, 4:55 pm
However, if the operating agreement does not specifically set forth those responsibilities, the members may proceed to conduct such activities associated with the winding up as is defined by New York law. [read post]
22 Apr 2019, 3:46 am
In that case, the LLC’s accountant testified that the LLC’s monthly expenses exceeded by $12,000 its monthly revenues, and that but for one of the member’s loans to the LLC, the mortgaged property faced foreclosure. [read post]
4 May 2021, 4:45 am
If he is just sick, does he have to leave? [read post]
2 Dec 2019, 3:26 am
It does not release or otherwise affect the Managing Member’s obligation from providing annual audited finan [read post]
4 Jan 2018, 1:00 am
Todd (Liberty), The Tax Lifecycle of a Single Member LLC, 36 Va. [read post]
5 Jul 2007, 7:33 pm
Meridian Trust does not manage money and does not maintain financial accounts for its LLC clients. [read post]
11 Apr 2020, 1:12 pm
Read more » The post Does Force Majeure Clauses Apply to Federal Government Contracts COVID 19 appeared first on Watson & Associates LLC. [read post]
12 Mar 2013, 11:12 am
The decision, Meso Scale Diagnostics, LLC v. [read post]
9 Dec 2011, 8:02 am
The assets and liabilities of a series must be separated from another series… The conclusion seems to be that the IRS will treat a Series LLC as a separate legal entity as long as it does not lack a business purpose or activity, other than tax avoidance (naturally). [read post]
25 Mar 2024, 3:25 am
Yes, the operating agreement requires Tang to contribute his goodwill to the LLC, but how does a dispute about the menu change that requirement? [read post]
31 Jan 2019, 8:04 am
Conversely, if the stock does not reach its strike price, then the option expires, or simply goes away. [read post]
26 Nov 2012, 11:45 am
Department of Energy (DOE) has granted the application of CE FLNG, LLC (CE FLNG), a subsidiary of Cambridge Energy Holdings, LLC, for long-term, multi-contract authorizations to export up to 8 million metric tons per year (approximately 389.6 Bcf) of domestically produced LNG over a thirty-year period from a floating terminal it intends to construct, own, and operate in nearshore Plaquemines Parish, La. [read post]
6 Apr 2020, 12:41 am
Does this mean all is lost for the plaintiffs and their $4.75 million investment in the LLC? [read post]
12 Mar 2007, 8:34 am
**This post is for informational purposes only and does not constitute legal advice** [read post]
15 Nov 2012, 5:49 am
“If you start an LLC and elect to have it be taxed as a C-Corp, does this election require you to follow all the ongoing requirements of your state for maintaining a C-Corp (corporate minutes, complete set of books, etc.)? [read post]
29 Aug 2011, 11:32 am
For the typical small business owner, it does not require significantly more work to have a corporation than an LLC. [read post]
7 May 2018, 3:28 am
Once he does we will get [plaintiff] to sign tonight or tomorrow. [read post]
27 Dec 2022, 4:24 am
But Article VII does not, by its own terms, require dissolution/winding-up of the LLC upon a member’s withdrawal. [read post]
5 Jun 2022, 4:00 pm
That term does not include an officer of an LLC. [read post]
