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21 Feb 2017, 11:17 am
While the IRS does not publish a list of items that are likely to increase the chance of an audit, conventional wisdom is that Schedule C sole proprietor businesses face a greater likelihood of the expenses claimed being questioned. [read post]
21 Feb 2017, 11:17 am
While the IRS does not publish a list of items that are likely to increase the chance of an audit, conventional wisdom is that Schedule C sole proprietor businesses face a greater likelihood of the expenses claimed being questioned. [read post]
21 Feb 2017, 11:17 am
While the IRS does not publish a list of items that are likely to increase the chance of an audit, conventional wisdom is that Schedule C sole proprietor businesses face a greater likelihood of the expenses claimed being questioned. [read post]
21 May 2008, 8:00 pm
LLCs do not issue stock. [read post]
5 Mar 2012, 6:34 am
Because an LLC does not have a tax status separate from its members, the LLC does not file an entity tax return. [read post]
3 Jul 2013, 12:52 pm
Quite simply, if it isn't in the operating agreement, it does not exist. [read post]
3 Jul 2013, 12:52 pm
Quite simply, if it isn't in the operating agreement, it does not exist. [read post]
22 Jul 2013, 6:59 pm
For Part 1, click here - http://www.northerncaliforniabankruptcyattorneysblog.com/2013/07/new-california-limited-liability-company-llc-regulations-coming-january-1-2014-the-basics---what-you.html Fiduciary Duties: Beverly-Killea does not specify the fiduciary duties owed by members or managers of an LLC, instead stating that the fiduciary duties of an LLC manager are the same as those of a general partner in a partnership ("[t]he fiduciary duties a manager owes… [read post]
12 Jun 2018, 8:30 am
John Doe, having an IP address of 73.74.68.193 Venice PI, LLC v. [read post]
14 Dec 2015, 2:45 am
Cobbler Nevada, LLC v. [read post]
25 Oct 2018, 12:00 am
The post Does a DUI Suspend Your Driver’s License in South Carolina? [read post]
5 Aug 2009, 12:30 pm
Quallion LLC, a world leader in the development of customized lithium ion batteries, announced that its application under the U.S. [read post]
30 Nov 2013, 7:22 pm
Thus, the case does not foreclose a mixed approach in general – just under the lack of evidence presented in this case. [read post]
1 Mar 2016, 10:06 pm
Tennessee 2014) does indeed hold that an operating agreement can never be an executory contract and thus there is no need to consider the applicability of Section 365 before concluding that the trustee acquires the debtor’s noneconomic LLC membership rights. [read post]
26 Oct 2020, 3:40 am
Second, citing a number of New York and out-of-state case precedents not necessarily involving LLC member expulsion, the court reasoned that “the fact that expulsion may be accomplished by a majority vote does not leave minority members unduly exposed to the risk of expulsion since an implied condition of any such expulsion is that it would be for cause. [read post]
15 Oct 2021, 7:11 am
Trick is, the only basis for venue in North Carolina is that the talc assets were put into a Texas LLC this past Tuesday, and then that Texas LLC converted into a North Carolina LLC the same day. [read post]
15 Oct 2021, 7:11 am
Trick is, the only basis for venue in North Carolina is that the talc assets were put into a Texas LLC this past Tuesday, and then that Texas LLC converted into a North Carolina LLC the same day. [read post]
25 Apr 2016, 3:17 am
There is no authority that permits a non-controlling member to seek dissolution of an LLC on the ground that a disagreement over strategy exists (unless, of course, the operating agreement provides otherwise, which it does not in this case). [read post]
10 Jul 2023, 12:15 am
The Nevada Supreme Court disagreed with the District Court's conclusion, concluding that the "plain language" of NRS 86.296(2) does not allow a party to sue a master limited liability company in lieu of a series LLC at the party's discretion. [read post]
18 Jan 2022, 3:54 pm
And nobody does anything. [read post]
