Search for: "LIMITED LIABILITY COMPANY"
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18 Nov 2015, 11:43 am
There is nothing that prevents a member of a multi-member limited liability company (MMLLC) from filing a personal bankruptcy in Florida or anywhere else in the United States. [read post]
23 Aug 2007, 12:55 am
From the press release:"The Uniform Limited Liability Company Act (ULLCA), a new act which provides the states with modern, updated legislation governing the formation and operation of limited liability companies, was approved today by the American Bar Association's House of... [read post]
7 Jul 2020, 4:16 pm
In assessing whether a court had jurisdiction over an LLC (limited liability company), the court proceeded... [read post]
10 Jan 2008, 1:00 pm
(7) The procedure for the following:(A) The right to have a member's interest in the limited liability company evidenced by a certificate issued by the limited liability company. [read post]
5 Dec 2022, 5:13 am
They apply this whether their fund has invested in the securities of a limited partnership, a limited liability company or a corporation. [read post]
15 Jul 2013, 6:51 pm
In January, 2014, California's current limited liability company act, the Beverly-Killea Limited Liability Company Act ("Beverly-Killea"), will be replaced by the California Revised Uniform Limited Liability Company Act ("RULLCA"). [read post]
28 May 2010, 10:50 am
The company who owns the Deepwater Horizon, the BP oil rig which sunk in April after an explosion, recently said they will be appealing to a federal judge to place a limit on the overall liability cost they will be responsible for at $27 million. [read post]
15 Jun 2010, 10:55 am
The Deal Professor examines how realistic BP's options are as the company tries to limit its liability from the huge oil spill in the Gulf of Mexico. [read post]
12 Feb 2008, 7:11 am
While it is reported that the Limited Liability Partnership Bill is likely to be cleared during the Budget session of Parliament, there have been some interesting developments that will make limited liability partnerships (LLPs) attractive, at least to some types of business.The first relates to multi-disciplinary partnerships (MDPs). [read post]
28 Sep 2023, 12:15 am
Subdivision (b) was copied from Section 111 of the Uniform Limited Liability Company Act. [read post]
19 Oct 2013, 6:35 am
A good case that explains how auto liability limits work is American States Insurance Company of Texas v. [read post]
16 Nov 2009, 3:40 am
It might seem self-evident that the Business Judgment Rule applies to decisions made by the managers of a limited liability company, but if you were looking for a North Carolina case to cite on that point before last week, you wouldn't have found one. [read post]
10 Oct 2011, 9:06 am
This post covers California limited liability companies (LLCs). [read post]
29 Jan 2013, 5:28 pm
Simply because a for-profit company is contracted for the benefit of the public or by a government agency, does not extend the liability limitation. [read post]
Limited Liability Companies Are like Corporations for Purposes of Determining Citizenship under CAFA
20 May 2014, 3:00 am
District Court for the Eastern District of Missouri held that Congress chose to treat limited a limited liability company (“LLC”) like a corporation for purposes of determining citizenship under CAFA; thus, an LLC is deemed to be a citizen of the states where its principal place of business is located and the state under whose laws it is organized. [read post]
4 May 2022, 2:14 pm
There is also talk among legal experts that there is already a realistic chance that bankruptcy courts will recognize that companies are using bankruptcy to avoid legal liability, and that they’ll refuse to allow bankruptcies to go forward if it looks like it’s being used to avoid liability for alleged wrongdoing. [read post]
13 Jan 2010, 7:13 am
An Limited Liability Company ("LLC") is dissolved and its affairs are wound up on the happening of any of the following events: (1) at the time specified in the articles; (2) on the happening of events specified in the articles or a written operating agreement; (3) by a vote of at least a majority in interest of members or a greater percentage, if required by the articles or operating agreement; (4) without contrary provision in the articles or operating… [read post]
18 Nov 2011, 8:06 am
This post covers California limited liability companies (LLCs). [read post]
25 Aug 2015, 7:04 am
The Board denied the patent owner's motion to terminate the proceeding based on a failure to name the petitioner limited liability company's sole member as a real party in interest. [read post]
7 Dec 2023, 8:13 am
Generally, partners in a partnership and members in a limited liability company (LLC), taxed as a partnership, are subject to self-employment tax on their earnings from the partnership or LLC. [read post]
