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22 Apr 2019, 3:46 am by Peter Mahler
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]
3 Jul 2013, 12:52 pm by Thomas Kerner
That section provides that the terms of an operating agreement, once signed by the members of the LLC, are the beginning and end of each member's rights. [read post]
5 Feb 2023, 5:12 pm by Francis Pileggi
           Although this case involved a 50/50 ownership structure, in this writer’s view, the fact that unanimity was required should not distinguish it from an LLC with more-than two members that also requires unanimity for important decisions.[6]          In a joint venture in this case, T&S Hardwoods KD, LLC, one of the members caused the Company to refuse to pay the other… [read post]
5 Oct 2010, 2:13 pm by Business Law Post
Once adopted, the regulations will provide much needed guidance and clarity for the tax payers. [read post]
15 Apr 2014, 4:24 am by SHG
Once a week, an email comes in announcing the greatest way to get new “leads” ever. [read post]
11 May 2020, 3:19 am by Franklin C. McRoberts
But we are happy to see decisions of interest to this blog’s readers issuing once again, including a brand new opinion from Manhattan Commercial Division Justice Jennifer G. [read post]
14 Aug 2010, 7:23 pm by Ashley C L Brown
Once created, each becomes a legal “person,” insulating the owners’ legal liability for the debts and actions of the company, and all three can be owned and managed by a single individual (in most states). [read post]
11 Nov 2021, 11:41 am by Sherin and Lodgen
Once complete, the development, located in Boston’s Allston neighborhood, will include 117,000 square feet of retail, residences, 350,000 square feet of office and lab/life science space, and a one-acre community green. [read post]
20 Mar 2013, 4:58 am by Eva Rosenberg
“Is an LLC registered in NV and doing business in CA required to pay California’s $800 LLC taxes? [read post]
18 Dec 2018, 7:22 am by Joshua Fershee
Sometimes I think courts are just trolling me (and the rest of us who care about basic entity concepts). [read post]
15 Nov 2006, 7:25 am
Once again a court has the opportunity to be thoughtful about the principles by which an LLC may be disregarded and its owners held personally liable. [read post]
19 Feb 2021, 1:41 pm by Steven Koprince
The post Coming Next Week: Koprince Law LLC’s New 8(a) Program GovCon Handbook! [read post]
7 Jun 2023, 7:29 am by Matthew Dochnal
Once a pair of partners start running a business together, they are in a general partnership. [read post]
30 Nov 2013, 7:22 pm by Charles (Chuck) Rubin
Note that both approaches are the starting point for valuation – once a preliminary value for the interest is obtained then appropriate discounts for lack of control and lack of marketability as to the LLC interest are applied. [read post]