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13 Oct 2022, 3:35 am
This means that there is no “majority shareholder” whose vote outweighs the votes of the other LLC members. [read post]
29 Apr 2016, 6:38 am
The post What do you mean(s) we lost?!? [read post]
14 Mar 2019, 12:59 pm
So let’s get down to the facts you need to know on Cavalry SPV I, LLC, what it means that they are suing you, and the steps you can take with that knowledge in hand. [read post]
25 Jul 2007, 8:47 am
The answer, generally speaking, is no -- meaning in this case that the dissolved sub's indemnity claim against yet another sub on the same job was dismissed because the dissolved sub had no right to sue.A copy of the opinion can also be accessed here Download file [read post]
18 May 2023, 10:47 am
Now, let’s talk about manager-managed LLCs. [read post]
9 Nov 2017, 1:08 pm
An important feature of the court’s opinion is that any pleading filed by a non-attorney on behalf of a fictional entity (such as a corporation or LLC) should be disregarded. [read post]
9 Jun 2022, 3:03 am
Other Considerations for Placing Your LLC in a Trust Placing your LLC interests in a trust means that the trust—not you as the business owner—is legally an LLC member and a party to the LLC’s operating agreement. [read post]
4 May 2023, 1:17 pm
By default, an LLC is taxed as a pass-through entity, meaning that the company’s income and losses pass through to the individual members’ tax returns, avoiding double taxation. [read post]
16 Sep 2023, 11:15 am
This means whatever profits an LLC earns flows directly to the owners, who include them on their tax returns. [read post]
15 Jan 2019, 3:32 am
Look to the operating agreement for directions on how to amend the LLC’s terms. [read post]
16 Dec 2019, 1:57 am
From the article’s abstract: LLC statutes allow owners to restrict or completely waive standard governance protections required of other business forms. [read post]
26 Apr 2022, 8:50 am
This is available in few other states’ LLC laws or in any state’s Corporation laws. [read post]
16 Feb 2012, 5:41 am
Taxation of a Limited Liability Company: LLC’s provide all the protection of a corporation (thus unlike a partnership, the members of an LLC have limited personal liability for the LLC’s debts). [read post]
1 Oct 2010, 4:14 pm
This brief overview of some important considerations associated with Arizona LLC formation is by no means comprehensive. [read post]
2 Feb 2020, 7:05 am
For example, New Jersey’s statutory criteria are set out in N.J.S.A. 42:2C-46 and provide three circumstances in which the court, on application by the LLC, may order the expulsion of the LLC member. [read post]
2 Oct 2007, 10:41 am
But what this really means is that taxes that would normally be due on gain built into the property are only DEFERRED until later when the property or the LLC is sold. [read post]
28 Nov 2018, 3:41 am
Fiduciary is from the Latin word, fiduciarius, which means confidence and trust. [read post]
18 Jan 2018, 11:39 am
It’s not uncommon to have corporate law shift to a new form of entity. [read post]
22 Apr 2019, 3:46 am
In that case, the LLC’s accountant testified that the LLC’s monthly expenses exceeded by $12,000 its monthly revenues, and that but for one of the member’s loans to the LLC, the mortgaged property faced foreclosure. [read post]
5 Jul 2022, 5:30 am
While there is no legal reason you cannot create an LLC with fewer means, a trust will not require Family LLC's initial and annual fees and more intensive reporting procedures. [read post]
