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12 May 2022, 2:25 am by Cari Rincker
When this occurs, creditors who win a legal judgment against the corporation or LLC may target the personal assets of a shareholder or LLC member to satisfy the debt. [read post]
11 May 2022, 10:34 am by Jacob Tingen
Then, it must distribute the remaining property and assets to its members.Specific Instructions, Article IV Winding Up of Affairs | Form LLC1050, Articles of Cancellation of a Virginia LLC See also Va. [read post]
6 May 2022, 6:10 am by Noah J. Phillips
In Leegin, the Court made clear that the per se rule is not the norm for analyzing the reasonableness of restraints; rather, the rule of reason is the “accepted standard for testing” whether a practice is unreasonable.[22] More recent Court decisions reflect the Court’s refusal to expand the scope of “quick look” analysis, an application of the rule of reason that nonetheless truncates the necessary fact-finding for liability where “an observer with… [read post]
29 Apr 2022, 1:34 pm by Jacob Tingen
For example, if a woman named Katherine wants to start an art business in her hometown, she might formally register her entity name as “Katherine’s Art Business, LLC. [read post]
29 Apr 2022, 4:16 am by Andrew Lavoott Bluestone
In addition to representing the committee and plaintiff, all three movants represented defendant Cortland Realty Investments, LLC, the investor with the largest stake in the invested funds. [read post]
26 Apr 2022, 1:57 pm by The White Law Group
On April 20, 2022 GWG Holdings Inc. and its subsidiaries, GWG Life, LLC and GWG Life USA, LLC, have filed voluntary Chapter 11 petitions in the U.S. [read post]
26 Apr 2022, 8:14 am by IncNow
A Series LLC designates certain classes of assets and members to an unlimited number of internal protected “series”. [read post]
24 Apr 2022, 12:29 pm by Alexander J. Davie
This includes any entity that is created by filing with the secretary of state of a state or territory in the US, such as corporations, LLCs, limited partnerships, and limited liability partnerships. [read post]
24 Apr 2022, 8:12 am by Cari Rincker
Corporations and LLCs taxed as S corporations provide both asset protection and pass-through taxation. [read post]
19 Apr 2022, 9:31 am by The White Law Group
  The SEC seeks preliminary and permanent injunctive relief, an asset freeze, an accounting, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties. [read post]
16 Apr 2022, 7:00 am by Geoff Schweller
According to the CFTC, from approximately 2016 through 2018, Alan Friedland and his companies, Fintech Investment Group, Inc. and Compcoin LLC, “fraudulently solicited customers and prospective customers to purchase a digital asset known as Compcoin. [read post]
14 Apr 2022, 7:08 am by Jacob Tingen
The easiest solution to prevent this is to take steps to separate your business interests and assets from your personal interests and assets. [read post]
Also, in both cases, the court granted the FTC’s request and recommendation that a Receiver be assigned to oversee, manage, and preserve the assets of both sets of defendants. [read post]
9 Apr 2022, 3:01 am by Karl Mihm
Originally published on Feb. 28, 2021; updated on Apr. 9, 2022. [read post]
4 Apr 2022, 3:56 am by The White Law Group
 The company estimated that the net asset value per share of the merged entity to be $9.06 per share as of January 28, 2021. [read post]
7 Mar 2022, 7:24 am by Daniel Forester
Another important consideration is whether a DAO can legally own an asset that requires a corporate structure. [read post]
14 Feb 2022, 4:44 am by Franklin C. McRoberts
Garibaldi valued Quattro using an asset approach based upon its “book value” as stated in its financial statement and tax return for the period ended December 31, 2015. [read post]