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25 Jan 2012, 7:48 am by Jeffrey W. Berkman, Esq.
  In fact, the New York Limited Liability Company Law (NY LLCL) requires that an LLC have an Operating Agreement, failing which the members of the LLC are subjected to an agreement that is essentially created from the provisions of the NY LLCL. [read post]
1 Nov 2011, 7:30 am by admin
Have documentation demonstrating ownership interests in the company (preferably an operating agreement). 3. [read post]
21 Nov 2016, 3:20 am by Peter Mahler
Unless otherwise provided in the operating agreement, majority members of LLCs formed under New York law — and under the LLC laws in most other states — effectively can expel a minority member by implementing a merger with another company owned by the majority members. [read post]
28 Feb 2019, 5:14 am by Kenan Farrell
You must provide the LLC’s name, address, registered agent, dissolution and management information. [read post]
11 Mar 2019, 9:30 am by Kenan Farrell
You must provide the LLC’s name, address, registered agent, dissolution and management information. [read post]
4 Jun 2018, 5:00 am by John Jascob
The law, effective July 1, 2018, allows LLCs to become blockchain-based limited liability companies (BBLLCs) by: (1) specifying in their respective articles of organization the election to be a BBLLC; and (2) meeting the requirements of the new law. [read post]
25 Feb 2021, 9:17 am by IncNow
Limited Liability Companies do not have stock or bylaws. [read post]
Here, the Court of Chancery dismissed LLC members’ complaint because, among other reasons, the Operating Agreement (i) replaced default common law fiduciary duties with a contractual standard that limited director liability to claims in which directors did not rely on the terms of the Operating Agreement in good faith; and (ii) it further provided that the directors were not liable for money damages unless they failed to act in good faith, engaged in… [read post]
11 Jul 2018, 1:30 pm by IncNow
In response, we state that Limited Liability Companies do not have stock or bylaws. [read post]
6 Mar 2019, 6:26 am by Jon Alper
The amendment does not state whether Nevis will impose any taxes on Nevis LLCs after June, 2021, nor does it provide for treatment on LLCs formed in 2019. [read post]
27 Dec 2022, 4:24 am by Peter J. Sluka
  Section 2 of Article VIII provides that the events specified in “Article 7 paragraph 1” do not require the dissolution of the Company. [read post]
28 Apr 2015, 8:51 am by Marc Soss
The operating agreement for the limited liability company (Lee Group) provided that the debtor had a 0% economic interest, but held 51 out of 101 votes. [read post]
12 Jan 2023, 1:16 pm by Matthew Dochnal
  The LLC Operating Agreement The LLC Operating Agreement is the private company document that governs an LLC’s internal affairs. [read post]
6 Nov 2013, 5:09 am by Kenan Farrell
Plaintiff, a California company operating in North Vernon, Indiana, is a wind turbine manufacturer. [read post]
5 Mar 2023, 6:55 pm by Michael R. Smith
The second exception is if the LLC has no members because the sole or last remaining member dies “unless otherwise provided in the operating agreement. [read post]
30 Apr 2012, 6:42 am by Imke Ratschko
”   Related Posts:New York LLCs and Privacy ConcernsAll you Need to Know About: The LLC Operating AgreementCorporate Record Keeping – Company Records ExplainedManagement Provisions in an LLC Operating AgreementNew York LLC Formation [read post]
13 Feb 2013, 10:57 am
The Act will affect every (existing or newly created) New Jersey limited liability company (LLC). [read post]
13 Feb 2013, 10:57 am
The Act will affect every (existing or newly created) New Jersey limited liability company (LLC). [read post]