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28 May 2024, 2:21 pm
All you need to do is amend the company’s private LLC Operating Agreement. [read post]
28 Apr 2023, 12:37 pm
The laws governing LLCs are determined by the state in which they are formed, and Delaware’s business laws are renowned for providing the best protections for managers and owners. [read post]
21 May 2008, 8:00 pm
The Limited Liability Company (LLC) is now a recognized business structure in all 50 states plus the District of Columbia. [read post]
22 Feb 2016, 7:13 pm
The creditor of a member of a limited liability company can obtain a charging order, but generally cannot acquire the right to participate in the management of the LLC unless all the members of the LLC consent or if the LLC’s operating agreement otherwise permits the creditor to become a member. [read post]
15 Apr 2021, 8:11 am
Many consider the LLC to be simply light-years ahead of all other forms of business entities. [read post]
23 Oct 2020, 8:05 am
Many consider the LLC to be simply light-years ahead of all other forms of business entities. [read post]
16 Jul 2021, 6:25 am
Specifically, they must be: A Virginia resident; or,A corporation that is authorized to do business in Virginia.If you choose to appoint a Virginia resident as your LLC’s agent, they must be: A member or manager of your LLC;A member or manager of an LLC that is a member or manager of your LLC;A general partner of a general or limited partnership that is a member or manager of your LLC;A trustee of a trust… [read post]
16 Jul 2021, 6:25 am
Specifically, they must be: A Virginia resident; or,A corporation that is authorized to do business in Virginia.If you choose to appoint a Virginia resident as your LLC’s agent, they must be: A member or manager of your LLC;A member or manager of an LLC that is a member or manager of your LLC;A general partner of a general or limited partnership that is a member or manager of your LLC;A trustee of a trust… [read post]
13 Sep 2023, 12:39 pm
LLC filing fees: The states with the lowest filing fees are Montana ($35); Kentucky ($40); and Colorado, Iowa, Michigan, Mississippi, & New Mexico (all $50). [read post]
8 Apr 2019, 3:48 am
When the target of dissolution is structured as a holding company for one or more operating or asset-based companies with asymmetric management, the issues can get hairier. [read post]
30 Apr 2011, 8:59 am
You cannot transfer all of your assets into an asset protection plan. [read post]
12 Nov 2019, 8:00 am
Oakridge Center received notice of the charge in the spring of 2011 and transferred substantially all of its assets for no consideration to Oakridge Healthcare Center, LLC (“Oakridge Healthcare”). [read post]
21 Jul 2011, 7:09 pm
Some state LLC acts provide for board-managed LLCs, which approximate the governance structure of corporations. [read post]
21 Jul 2011, 7:09 pm
Some state LLC acts provide for board-managed LLCs, which approximate the governance structure of corporations. [read post]
13 Jul 2022, 9:15 pm
Step 1: Form LLC with your state. [read post]
2 May 2016, 3:09 am
Genovese is a reminder that New York’s LLC Law, unlike LLC statutes in a number of other states, has no default rule authorizing member expulsion. [read post]
19 Apr 2021, 4:03 am
Of late I’ve been ruminating on New York’s membership in the shrinking pool of states that don’t recognize oppression of an LLC minority member by the controlling members or managers as ground for judicial dissolution. [read post]
1 Jun 2010, 9:35 am
MidWest transferred to JSC all fixed assets and "all other assets, whether tangible or intangible, which are required and necessary to operate the business. [read post]
23 May 2023, 6:50 am
Business owners and entrepreneurs use Delaware limited liability companies to do business all over the world. [read post]
2 Nov 2023, 12:59 pm
Each LLC should have its own Operating Agreement that is signed by all of the company’s members. [read post]
