Search for: "Provident Operating Company, LLC"
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23 Jul 2014, 11:42 pm
If the LLC's articles of organization do not provide for managers (i.e., a member-managed LLC), each member is an agent of the LLC for the purpose of the LLC's business and affairs. [read post]
4 Feb 2024, 3:17 pm
They bottomed their argument on the one LLC’s operating agreement that expressly included “services” as a form of capital contribution, and on the default rule in LLC Law 501 that was not “otherwise provided” in the other LLC’s operating agreement. [read post]
2 May 2013, 5:09 am
Clients, Friends and Readers: We are pleased to announce the launch of Sansome Strategies LLC, a high-touch outsourced compliance company. [read post]
4 Feb 2020, 12:21 pm
The company’s Operating Agreement defines nature of these rights. [read post]
5 Mar 2023, 6:55 pm
First, the LLC will not be dissolved if the operating agreement provides specifically for the admission of a member after the dissociation of a sole or last remaining member, and a member is actually admitted under that provision within 90 days of the first date the LLC had no members. [read post]
21 May 2008, 8:00 pm
A Limited Liability Company (referred to as an LLC) is a type of hybrid business structure that is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. [read post]
1 Dec 2018, 7:00 am
Often a limited liability company’s operating agreement will provide a mechanism for members who no longer wish to remain members to exit the company by requiring the company to purchase their interests and will provide an agreed upon method for valuing those interests. [read post]
28 Jul 2014, 8:24 am
First, the LLC is in the best position to control the actions of its members or managers, and the operating agreement can provide a remedy when one of them misbehaves. [read post]
2 Feb 2020, 7:05 am
These statutes, Delaware and New York being the best-known examples, provide for the dissolution of the LLC as the sole remedy when it has reached a level of dysfunction that impairs its operations. [read post]
15 Jun 2023, 6:06 am
* * * Joseph and the LLC acknowledge Jeanne had no right to “exert operational control over” the LLC. [read post]
22 Aug 2013, 8:35 am
While, section 17701.10(c)(4) provides that an operating agreement cannot eliminate the duty of loyalty, duty of care, or any other fiduciary duties, Section 17701.10(e) provides that the fiduciary duties of a manager to the LLC and to the members of the LLC may be modified in a written operating agreement with the informed consent of the members. [read post]
17 Jan 2018, 11:36 am
Delaware’s LLC Act provides guidance and default rules, but the operating agreement is king. [read post]
24 Jul 2023, 12:30 pm
When you started your limited liability company (LLC), the last thing you probably had on your mind was ending it. [read post]
30 Jun 2008, 5:00 pm
The LLC members also contended that Kaplan had not followed the procedures set forth in the LLC's Operating Agreement in making his loans. [read post]
4 Sep 2012, 5:00 am
In contrast, the defendants asserted that the LLC’s operating agreement contained provisions allowing members to vote on company business through written consent. [read post]
29 Apr 2024, 3:59 am
Act I: Who Controls the LLC? [read post]
17 Jun 2011, 3:05 pm
The California Limited Liability Company ("LLC') is often used as an entity to limit personal liability in operating a business or holding assets such as real estate. [read post]
15 Jul 2013, 10:51 am
However RULLCA provides that LLCs are member-managed unless the articles of organization and a written operating agreement state that the LLC will be manager-managed. [read post]
7 Nov 2016, 9:16 am
While an LLC may provide some welcome flexibility in business operations, the financial impositions from state and federal authorities can be substantial. [read post]
23 Feb 2024, 1:54 pm
The Illinois Limited Liability Company Act also provides that an LLC member-manager owes fiduciary duties not only to the LLC but also to the other members. [read post]
