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22 Feb 2016, 8:25 pm
The Business Flexibility Act treats those two categories of rights very differently.[1] It is indisputably clear that economic rights in an Indiana LLC are property rights because the Indiana statute expressly says so: Continue Reading The post LLC Interests and a Member’s Bankruptcy, Part III appeared first on Indiana Business Law Blog. [read post]
5 Mar 2021, 2:08 pm
Analysis: The LLC Act permits a forfeited LLC to defend any action. [read post]
26 Mar 2018, 12:13 pm
The Tax Cuts and Jobs Act of 2017 changes the income tax planning for all businesses, including for small business owners. [read post]
1 Oct 2010, 4:14 pm
The Arizona LLC Act requires only two actions to validly form an LLC in Arizona: 1) file articles of organization with the Arizona Corporation Commission and 2) publish notice of articles of organization filing. [read post]
17 Dec 2022, 10:35 am
Because the Act incorporates the policies of the Business Judgment Rule, which Rule predates the Act and has been an integral part of business law for decades. [read post]
17 May 2024, 12:29 pm
A holding company acts like a buffer between a business’s daily operations and its valuable assets. [read post]
17 May 2012, 12:34 pm
For instance, when transferring property from an LLC, the Iowa Revised Uniform Limited Liability Act requires that the record (i.e deed) must disclose whether the LLC is member-managed or manager-managed; whether the conveyance is in the ordinary course of the LLC's business or affairs; and that the signer has authority to act on behalf of the LLC. [read post]
6 May 2010, 7:53 am
It is unclear if and when the NY legislature will act on the proposal. [read post]
13 Dec 2013, 4:29 pm
New LLC Act The most significant change is implementation of a new LLC Act. [read post]
12 Aug 2015, 1:57 pm
Aside from adhering to corporate formalities, unless the owners engage in egregiously fraudulent and intentional acts under while acting in the name of the business, the courts will honor the shareholders’/members’ liability shield.2. [read post]
18 Mar 2024, 6:00 am
Wilson , TAYLOR ENGLISH DUMA LLP AND FINCEN REPORT COMPANY This article discusses the New York LLC Transparency Act (LTA). [read post]
20 Jun 2022, 4:41 am
The current issue of The Business Lawyer, a quarterly publication of the ABA’s Business Law Section that rightly bills itself as “the premier business law journal in the country,” features a pair of dueling articles of great interest to scholars, practitioners, and other students of the limited liability company. [read post]
27 Jan 2023, 10:10 am
In a member managed LLC, a 1% owner has equal power to bind the LLC in the ordinary course of business as a 99% owner. [read post]
27 Jan 2023, 10:10 am
In a member managed LLC, a 1% owner has equal power to bind the LLC in the ordinary course of business as a 99% owner. [read post]
14 Nov 2008, 12:00 am
LLC (5th Cir. 2000) 217 F.3d 379. [read post]
13 Dec 2017, 2:18 pm
Because Plaintiff alleged that the Defendant Individual formed the Defendant LLC and acted as its resident agent, the district court held that Plaintiff had alleged sufficient facts to plead direct claims against the Defendant Individual. [read post]
17 Feb 2016, 9:00 am
RED Partner LLC, C.A. 11575-VCN (February 11, 2016) This is an interesting decision because it explains inspection rights in the LLC context under the two different standards set out in Section 18-305(a) and (b) of the LLC Act. [read post]
22 Aug 2016, 3:26 am
After reading the article, I asked Tom if he would discuss LLC member expulsion on my Business Divorce Roundtable podcast. [read post]
15 Jul 2013, 6:51 pm
As such, the act of any member for the apparent purpose of carrying out the usual business or affairs of the LLC binds the LLC unless (i) the member so acting in fact has no authority to act, and (ii) the person with whom the member is dealing has actual knowledge of this fact. [read post]
26 Dec 2010, 4:31 am
However, a suspension will not invalidate any contract or act of the LLC or the limited liability of the members. [read post]
