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14 Oct 2013, 2:34 am
If a creditor with a judgment against an LLC finds that the LLC is insolvent because it has transferred assets to its members the creditor may now go after the recipients of distributions either on fraudulent transfer theory or as a violation of the LLC Act’s above described distribution restrictions and remedies. [read post]
26 May 2011, 9:35 am
A person suing a LLC can only go after the business’s assets so the owner’s house and other personal assets are protected. [read post]
31 Oct 2018, 11:33 am
Often people find it’s easier to go through an experienced registered agent to make sure it’s done properly. [read post]
30 Aug 2018, 3:22 am
To do this, the foreign LLC must submit an application for admission to transact business as a foreign LLC (Form LLC-45.5) which has a $150.00 fee, and must include the following: The name of the foreign LLC (and the name it is going to conduct business under, if it is a different name); The jurisdiction, date of formation, and period of duration; A certificate stating the company is in existence under the laws of whatever state it was organized… [read post]
14 Sep 2022, 4:34 pm
Whether or not you downloaded their content, you are still probably going to be sued. [read post]
10 Oct 2018, 5:58 pm
In a Manager-Managed LLC, a Manager can be appointed (who doesn’t have to also be a member) to be “boots on the ground” while the other members go about their lives. [read post]
31 Oct 2013, 10:22 am
So, I’ve decided to share my thoughts on what these differences are and what should go into an operating agreement in a series of posts. [read post]
3 Aug 2021, 2:41 pm
The federal government continues to need goods and services, and it looks to expand the ranks of federal dollars going to small businesses. [read post]
25 Nov 2019, 8:40 am
Often people find it’s easier to go through an experienced registered agent to make sure it’s done properly. [read post]
20 Mar 2019, 8:43 am
Failing to follow this procedure can result in a court piercing the veil and going after the individual owners assets.3. [read post]
17 Apr 2011, 9:02 pm
After deciding what type of products or services you are going to offer, the most important decision you will make in starting a new business is the type of business structure to form. [read post]
17 Apr 2011, 9:02 pm
After deciding what type of products or services you are going to offer, the most important decision you will make in starting a new business is the type of business structure to form. [read post]
10 Feb 2020, 10:46 am
The majority ousted LLC member often lacks access to what is going on in that LLC business. [read post]
12 Jul 2018, 8:09 am
A major benefit of an LLC is that it limits liability going both ways: the LLC protects a member from business liabilities and the business assets from a member’s personal liabilities.
Without an operating agreement in place, the business may look like a sole proprietorship. [read post]
28 Jul 2014, 8:24 am
Since I posted the article last week, I've corresponded with my friend John Cunningham, a New Hampshire attorney, a recognized expert on LLCs, a blogger, and co-author of Drafting Limited Liability Company Operating Agreements, my go-to reference for LLC law and operating agreements. [read post]
13 Jul 2014, 3:59 pm
You do not need to go through this alone. [read post]
10 Jun 2021, 7:29 pm
For purposes of this short blog post, I am going to provide a few key bullet points and recommend that the reader review the entire decision issued in the form of an Order. ● Section 18-304 of Title 6 of the Delaware Code, which is part of the Delaware LLC Act, provides a description of those situations where a person ceases to be a member of a Limited Liability Company. [read post]
23 Jan 2017, 9:01 pm
State Center LLC will file a counterclaim in Baltimore City Circuit Court on Tuesday in hopes the court will compel the state to abide by previous ... [read post]
28 Nov 2010, 6:31 am
DIGITS LLC experience in the law enforcement arena will allow our clients to talk to the cops without going to the police. [read post]
1 Jan 2014, 4:12 pm
The problem therefore is most severe with existing LLCs whose operating agreements were drafted without knowledge that a new law was going to change the rules. [read post]
