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24 Apr 2024, 12:26 pm
This means that if you hire a professional manager, you’ll need to account for their salary in your budget. [read post]
12 Oct 2011, 6:00 am
Dear Rich: I was considering choosing an LLC as my band's business form. [read post]
6 Jan 2020, 4:21 am
Part Two focuses on the mechanics of Professor Molk’s novel proposal for qualified LLCs. [read post]
30 Mar 2021, 12:04 pm
Here’s what you need to know. [read post]
22 Jul 2019, 2:49 am
There’s a statute for that, namely, section 703 of New York’s LLC Law. [read post]
17 Dec 2021, 7:44 am
This means the income earned by an LLC is passed through to the LLC’s members, where it is then taxed. [read post]
20 Mar 2019, 8:43 am
This means that the member will report profits and losses on Schedule C of the member’s 1040 Form. [read post]
22 Feb 2016, 8:25 pm
Lee, does the above analysis mean that a debtor’s membership rights in a limited liability company do not become property of the estate when the member files a bankruptcy petition? [read post]
4 Sep 2018, 7:40 am
Statutory conversion This type of procedure is relatively new, and offers business owners a more streamlined means of converting an LLC to a corporation. [read post]
10 Mar 2014, 6:42 am
But, this does not mean either member should provide in the LLC contract his wishes about the inheritance of this particular financial asset. [read post]
4 May 2020, 12:16 am
There is, of course, a way to pack more punch into an LLC manager’s contractually authorized sole-discretion: form the LLC in Delaware and include in the operating agreement a provision as authorized by Delaware’s LLC Act — for which New York’s LLC Law has no counterpart — expressly waiving all of the manager’s fiduciary duties. [read post]
1 Jan 2014, 4:12 pm
The term “economic interest” means only the right to receive distributions and does not include management rights. [read post]
3 Aug 2018, 11:55 am
Often times they do not enter into an Operating Agreement, meaning the LLC may not even be “duly formed,” even if it has a Certificate of Formation on record. [read post]
7 Aug 2017, 9:49 am
This means that even if one member (A) contributes $90,000 and the other member (B) contributes $10,000 at formation of the LLC, they will equally share in the profits of the LLC. [read post]
7 Aug 2017, 9:49 am
This means that even if one member (A) contributes $90,000 and the other member (B) contributes $10,000 at formation of the LLC, they will equally share in the profits of the LLC. [read post]
7 Aug 2017, 9:49 am
This means that even if one member (A) contributes $90,000 and the other member (B) contributes $10,000 at formation of the LLC, they will equally share in the profits of the LLC. [read post]
15 Feb 2019, 11:41 am
Often times they do not enter into an Operating Agreement, meaning the LLC may not even be “duly formed,” even if it has a Certificate of Formation on record. [read post]
7 Feb 2014, 6:16 pm
That means that the income or loss of the entity is reported by an individual taxpayer on Schedule C of the taxpayer’s tax return. [read post]
3 Jun 2019, 3:27 am
If you’re a member of a multi-member LLC, and especially if it’s manager-managed, here’s a reason you might want to check under the hood of your LLC agreement: if the business goes belly up amidst squabbling or worse among the members and managers, to whom does the LLC agreement give authority to file for bankruptcy? [read post]
17 Oct 2018, 1:19 pm
Zamansky LLC also represents investors in arbitration cases against UBS and other brokerage firms regarding Puerto Rico bonds and UBS closed end bond funds and other investments. https://www.puertoricobondfundsattorney.com/en/ The post For Retail Investors, Market Volatility Means It’s Trick Or Treat Time appeared first on Zamansky LLC. [read post]