Search for: "S Means, LLC"
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23 Apr 2012, 3:11 pm
Otherwise, an S corporation’s characteristics are just like a regular business corporation, which means that it is a legal entity that can be formed by one or more persons. [read post]
15 Dec 2022, 7:50 am
This means members can make changes can to the LLC Operating Agreement freely with the approval of all members. [read post]
16 Oct 2023, 11:03 am
Common Mistakes When Proving LLC Ownership Running an LLC means managing numerous tasks. [read post]
24 May 2024, 7:22 am
This means that, for tax purposes, the business’s income “passes through” to you, the owner, as if it were personal income. [read post]
20 Nov 2017, 2:13 am
” Nonetheless, the idea that the plaintiffs had no means to protect their economic interest in the LLC did not sit well with the judge. [read post]
6 Aug 2010, 8:05 pm
What is certain is that taking no action means that your single member LLC is now fully exposed to creditor attack. [read post]
1 Sep 2010, 6:09 pm
Krohn Racing, LLC, which refused after trial to dissolve an LLC under Delaware §18-802. [read post]
10 Mar 2017, 3:59 pm
” Swart was not involved in any way in Cypress LLC’s operations or management. [read post]
10 Mar 2017, 3:59 pm
” Swart was not involved in any way in Cypress LLC’s operations or management. [read post]
27 May 2021, 2:31 pm
Here’s what you need to know. [read post]
18 Jan 2021, 2:11 am
Last week, the Brooklyn-based Appellate Division, Second Department, unanimously ruled in favor of my clients, construing for the first time at the appellate level two sections of New York’s LLC Law with profound effect on the ability of controlling members of LLCs to oust minority members by means of a cash-out merger. [read post]
12 Aug 2010, 4:06 am
Here’s my most recent discussion of the state of play on what that means: As I discussed recently, Delaware law * * * imposes an obligation of clear drafting of fiduciary waivers in order to take advantage of the statutory license to contract freely. [read post]
22 May 2017, 3:28 am
Defense counsel’s arguments initially concentrated on challenging the plaintiff’s motives in bringing suit, the resultant expense to the LLC, and the LLC’s need to raise capital to grow its operations. [read post]
22 May 2017, 3:28 am
Defense counsel’s arguments initially concentrated on challenging the plaintiff’s motives in bringing suit, the resultant expense to the LLC, and the LLC’s need to raise capital to grow its operations. [read post]
11 Aug 2017, 8:02 am
Kraft Food Brands LLC (Kraft) sued Heartland in federal district court in Delaware (where Kraft is organized), alleging that products Heartland shipped to Delaware infringed on Kraft’s patents for similar products. [read post]
13 Sep 2023, 12:39 pm
This means that rather than paying taxes as a business, members report their share of profits and losses on Form 1040 for individuals or Form 1065 and Schedule K-1 for multi-member LLCs. [read post]
23 May 2022, 4:04 pm
This means the LLC members would need to give up their ownership interest in the LLC before converting to a non-stock corporation to remain eligible for 501c3 status. [read post]
6 Sep 2011, 4:43 am
The court reasoned that when the Delaware LLC Act says in §18-1002 that a plaintiff in an LLC derivative suit “must be a member or an assignee of a limited liability company,” it really and unambiguously means that he “must be a member or an assignee of a limited liability company. [read post]
2 Dec 2019, 3:26 am
In support, the Jankelowitzes relied on language in the purpose clauses of the Soho LLC operating agreement and the unsigned MayaDean LLC agreement, in both instances referring to a restaurant “concept developed by the Managing Member and licensed to [Soho LLC/MayaDean LLC] under the name [Jack’s Wife Freda]. [read post]
1 May 2021, 9:29 am
For instance, unless an LLC has elected to be taxed as a C corporation, it is a pass-through tax entity, meaning that LLC members report information about their business on their personal income tax returns, and the LLC is not responsible for paying its own taxes. [read post]
