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11 Jan 2016, 3:06 am by Peter Mahler
In support of his showing that the purpose of the LLC, to own and lease the gas station, no longer can be achieved, Zafar alleged, apparently without contradiction by Ahmed, that due to Ahmed’s actions the LLC (i) holds no lease in its own name, (ii) collects no rents, (iii) has no bank account, (iv) files no tax returns, and (v) does no business. [read post]
30 Nov 2014, 10:04 am by Charles (Chuck) Rubin
It did note, however, that in this case there may have been an external transfer restriction that applies to a successor owner of the LLC interest, which transfer restriction does not apply directly to the asset of the LLC. [read post]
16 Nov 2010, 1:41 pm by Josh Myers
Myers is the owner and President of Myers Injury Law, LLC and a founding partner of Schultz & Myers, LLC. [read post]
27 Apr 2020, 7:08 am by Woodrow Pollack
No.Blue Water Dynamics, LLC has sued Anthony Kalil for copyright infringement, but Blue Water is having difficulty serving Kalil. [read post]
7 Jan 2022, 11:54 am
Robinhood Financial, LLC, Robinhood Securities, LLC, and Robinhood Markets, Inc. [read post]
4 Oct 2010, 10:48 am by Francis G.X. Pileggi
Also, the Court emphasized that Vila “did not sign up for such a business strategy and, in any event, does not support it. [read post]
Conclusion A third-party buying property from a manager-managed LLC does not qualify as a BFP on summary judgment if there are factual disputes regarding the identity of the LLC’s manager and the buyer acted negligently in its due diligence to discover the obvious disputes. [read post]
31 May 2020, 11:59 am
Your Business Does Not Have Limited Liability: The sole proprietor or general partner of a business is personally liable for their business’s debts unless they form the business into a corporation or limited liability company (LLC). [read post]