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23 Aug 2021, 4:56 am
Sec. 1, provided that the “purpose” of 695 Monroe was to “engage in any business” in which an LLC “may lawfully engage” in New York. [read post]
30 Jan 2017, 3:34 am
By the same token, the decision provides opportunities for majority members of existing LLCs without operating agreements to cement and expand their control powers. [read post]
23 Jan 2014, 12:52 pm
If not so provided, the dissociated member gets his or her fair value of the LLC. [read post]
23 Jan 2014, 12:52 pm
If not so provided, the dissociated member gets his or her fair value of the LLC. [read post]
23 Jan 2014, 12:52 pm
If not so provided, the dissociated member gets his or her fair value of the LLC. [read post]
15 Apr 2014, 10:01 am
Of course, this can be changed in the operating agreement, which can provide that distributions be made in proportion to ownership percentages, or based on any other reasonable formula. [read post]
6 Feb 2023, 1:28 pm
In Innovative Health LLC v. [read post]
13 Jul 2020, 4:51 am
The governing operating agreement, consistent with LLC Law § 603, provided that an assignment of an interest only entitles the assignee to allocations and distributions, unless admitted as a member. [read post]
25 Jun 2020, 12:00 pm
SA Music, LLC v. [read post]
10 Dec 2018, 3:08 am
” The alleged scheme involved loaning funds to the LLC at above-market rates, diverting income to the defendants’ separately-owned entities, and failing to make promised distributions to the members in the early years of operation. [read post]
11 Jun 2012, 12:01 pm
Bethesda Softworks LLC v. [read post]
19 Dec 2011, 10:12 am
Terms of the operating agreement can provide great detail about when, how, and under what circumstances key decisions are to be made. [read post]
18 Jan 2024, 1:30 pm
National Securities Attorneys The foregoing information, which is all publicly available, is being provided by The White Law Group. [read post]
1 Nov 2018, 9:55 am
Contour IP Holding LLC (Fed. [read post]
28 Jan 2011, 3:51 pm
However, if the judgment debtor controls distributions, the court can order the debtor to make distributions or sell LLC assets. [read post]
12 Nov 2013, 11:49 am
(d) Allocation of Profits, Losses, and Distributions. [read post]
21 Feb 2017, 11:17 am
However, if there will be more than one owner, the LLC form of ownership provides much greater flexibility in customizing the rights which each owner has with respect to the income and control of the entity. [read post]
21 Feb 2017, 11:17 am
However, if there will be more than one owner, the LLC form of ownership provides much greater flexibility in customizing the rights which each owner has with respect to the income and control of the entity. [read post]
21 Feb 2017, 11:17 am
However, if there will be more than one owner, the LLC form of ownership provides much greater flexibility in customizing the rights which each owner has with respect to the income and control of the entity. [read post]
20 Apr 2020, 4:10 am
For instance, except as otherwise provided in the operating agreement: Section 603 of New York’s LLC Law provides that a membership interest is assignable in whole or in part and that the only effect of an assignment is to entitle the assignee to receive the distributions and profit and loss allocations to which the assignor would be entitled. [read post]
