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3 Aug 2022, 3:08 pm by Brian Turetsky
     This matter is most recent example of the FTC’s focus on small businesses and increasing use of Section 5 of the FTC Act, and now ROSCA, to protect small businesses. [read post]
21 Mar 2022, 4:55 am by Ian Richardson
Foxmoor Group, LLC is, “if an alleged unfair or deceptive action remains confined within a single business, the Act is inapplicable. [read post]
20 Oct 2012, 3:11 pm
Our client sued under the Georgia Fair Business Practices Act and breach of contract. [read post]
27 Apr 2008, 4:11 pm
In Piercing the LLC Veil in North Carolina - Part II, the North Carolina statute is quoted:The North Carolina Limited Liability Company Act protects LLC members from liability for the actions of the LLC. [read post]
3 Sep 2021, 12:35 pm by IncNow
Even if you have not formed your LLC in Delaware, at a later date you can convert it to Delaware to take advantage of the Delaware LLC Act. [read post]
14 Apr 2022, 5:34 am by Rincker Law
Every business must have a business structure, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation. [read post]
11 Jun 2019, 11:00 am by Race to the Bottom
Blankenship (the “Stock Promoter”); and River North Equity LLC, Edward M. [read post]
21 Mar 2016, 3:28 am by Peter Mahler
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]
21 Mar 2016, 3:28 am by Peter Mahler
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]
27 Aug 2019, 10:45 am by Robert Kampen
” Two offerors—TechAnax, LLC and Rigil Corporation—filed a protest challenging GSA’s decision, arguing that the terms of the solicitation did not comply with the Runway Extension Act. [read post]
9 Jul 2010, 5:59 am by John Buford
However, no duty is owed to creditors, even if the corporation is balance sheet insolvent, when the directors and officers are acting in good faith in running the business. [read post]
For shareholders of a corpo”ration that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the Illinois Business Corporation Act (IBCA) states that the Circuit Court may intervene if it is established that the directors or those in control of the corporation have acted, are acting, or will act in a manner that is illegal,… [read post]
20 Nov 2022, 11:03 pm by Peter Mahler
He also argued that to accept defendants’ argument based on the purpose clause’s “engage in any lawful act or activity” provision would render the term “business” meaningless as used in Section 10.1 providing for dissolution when the LLC “ceases to do business. [read post]
12 Jun 2010, 6:15 am by Steven Peck
Many times, a creditor will ask a court to ignore the liability protection offered by the corporation or LLC status of a business. [read post]
21 Apr 2014, 2:48 am by Peter Mahler
Justice Ramos found this argument contradicted by the broad authority given to Nathan in Section 4.2 of the operating agreements, to enter into any agreement that he considered necessary in connection with the LLC’s business. [read post]
20 Feb 2009, 6:29 am
For any business litigator who deals with disputes among or between the owners of  a closely-held LLC or corporation, these two cases are must reading. [read post]