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Masterworks and similar firms create fractional shares by purchasing individual pieces worth millions, transferring the ownership of the asset into an LLC, and then selling individual shares of the LLC through offering registered with the SEC. [read post]
26 Jan 2024, 4:00 am by jonathanturley
Notwithstanding paragraph (a), a lawyer may: (1) pay or agree to pay such expenses to third persons,* from funds collected or to be collected for the client as a result of the representation, with the consent of the client; (2) after the lawyer is retained by the client, agree to lend money to the client based on the client’s written* promise to repay the loan, provided the lawyer complies with rules 1.7(b), 1.7(c), and 1.8.1 before making the loan or agreeing to do so; (3) advance… [read post]
24 Jan 2024, 9:15 am by Richmond Cariaga
Key Tax Strategies And Considerations Entity Selection and Structure Choosing the Right Entity Type: The choice between operating as a Sole Proprietorship, Partnership, Corporation (S or C), or Limited Liability Company (LLC) has significant tax implications. [read post]
22 Jan 2024, 3:32 am by Peter J. Sluka
New York limited liability companies are subject to LLC Law 502(c), which states that the operating agreement may “provide that the membership interest of any member who fails to make any required contribution shall be subject to specified consequences of such failure. [read post]
20 Jan 2024, 9:24 pm by Norman L. Eisen
In the only order granting such a motion, Judge Robert C. [read post]
18 Jan 2024, 8:43 am by Dennis Crouch
Unified Patents LLC, 15 F.4th 1146 (Fed. [read post]
14 Jan 2024, 5:01 am by Eugene Volokh
Apr. 28, 2020) ("[C]laims involving sexual orientation … are examples of matters that qualify as being highly sensitive and of a personal nature. [read post]
4 Jan 2024, 11:40 am by Jen Will
Last week, the National Labor Relations Board issued a decision in Twinbrook OpCo LLC, 373 NLRB No. 6, where it noted that its own General Counsel mislabeled an integration clause a zipper clause. [read post]
28 Dec 2023, 9:05 pm by Noah Brown
Supreme Court upheld the Indian Child Welfare Act (ICWA) in a 7-2 decision, holding that the law was well-within Congress’s powers. [read post]
27 Dec 2023, 9:40 am by Eric Goldman
” Canada’s C-18 “link tax” has devastated independent journalism in Canada. * PetaPixel: “Photographer Who Won Warhol Copyright Case Paid Over $2.5M to Defend Rights” * United Federation of Churches LLC v. [read post]