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22 Jun 2015, 7:38 am by Admin
Examples of breach of duty to creditors include the manager’s dissipation of LLC assets or the distribution of LLC assets to members. [read post]
24 Jan 2022, 2:46 am by Peter J. Sluka
LLCL 414, titled Removal or Replacement of Managers, states that: Except as provided in the operating agreement, any or all managers of a limited liability company may be removed or replaced with or without cause by a vote of a majority in interest of the members entitled to vote thereon. [read post]
29 Jan 2019, 7:02 am by Walker & Walker Law Offices
Other Names Associated Besides Asset Acceptance, LLC, Encore Capital Group, Cabot Credit Management, Asta Funding Inc. and Portfolio Asset Recovery are all companies in association with each other. [read post]
5 Aug 2022, 2:23 pm by IncNow
 To avoid incidental commingling, members often delegate record-keeping responsibilities of the LLC and all series to one manager. [read post]
26 Aug 2020, 1:42 pm by IncNow
Once formed, the subsidiary LLC is capable of holding assets of the non-profit corporation. [read post]
26 Oct 2018, 8:06 am by Charles B. Jimerson, Esq.
  Often in a small, member-managed LLC, managerial and financial disputes arise among the members regarding business affairs or distribution of company assets. [read post]
26 Oct 2018, 8:06 am by Charles B. Jimerson, Esq.
  Often in a small, member-managed LLC, managerial and financial disputes arise among the members regarding business affairs or distribution of company assets. [read post]
24 Mar 2017, 8:57 am by IncNow
Even with a separate stockholder agreement, a corporation cannot achieve all of the benefits of a Delaware LLC’s Operating Agreement. [read post]
9 Jun 2022, 3:03 am by Cari Rincker
Not all states allow domestic asset protection trusts, but you do not have to be a resident to establish a trust in a specific state. [read post]
4 May 2023, 1:17 pm by Matthew Dochnal
Many other states require LLCs to disclose the names and addresses of all the Members and Managers involved with the company. [read post]
12 Jan 2023, 1:16 pm by Matthew Dochnal
Delaware requires all LLCs formed in the state to pay the Delaware Annual Franchise Tax. [read post]
18 Jan 2018, 12:32 pm by IncNow
While this does not extend to all states, having Delaware as your business’s home state may provide a legal benefit in another state. [read post]
21 Dec 2008, 12:31 pm
    Simple to Manage The IRS requires the Wyoming Close LLC to obtain a taxpayer ID Number, but the LLC itself will never pay income tax, since all income flows through to the owners. [read post]
29 Jul 2020, 12:27 pm by IncNow
Asset protections for LLCs vary greatly amongst litigation systems across the country; however, Delaware has succeeded in delivering incomparable legal protections and services to LLCs of all sizes. [read post]
15 Jun 2016, 8:04 pm by Matthew Odgers
Similar to a corporation’s bylaws, your LLC’s operating agreement specifies, amongst other things: Who owns your LLC Management of your LLC (member managed or manager managed) Taxation of your LLC (disregarded entity, partnership, s-corp, or c-corp) If you file your articles of organization with the California Secretary of State but fail to create an operating agreement, your LLC will be… [read post]
16 Jun 2012, 8:37 am by Troy B. Rider
 Although each cell of a series LLC can own distinct assets, incur separate liabilities, and have different managers and members, a series LLC usually pays one filing fee to be formed under state law, thereby decreasing costs. [read post]
10 Apr 2024, 12:15 pm by Richmond Cariaga
Management Structure: Whether the LLC will be managed by its members or appointed managers. [read post]