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5 Nov 2018, 4:00 am
However, if you are in business with another person(s), don’t try to save money by drafting your own shareholder agreement or operating agreement, or maybe worse, not have one at all. [read post]
5 Nov 2018, 4:00 am
However, if you are in business with another person(s), don’t try to save money by drafting your own shareholder agreement or operating agreement, or maybe worse, not have one at all. [read post]
25 Jul 2023, 12:15 am
If a distribution is made in either situation, a member in a member-managed LLC or a manager in a manager-managed LLC who consents to the distribution may be held personally liable for the amount by which the distribution exceeds the amount that could have been distributed without violating the statute. [read post]
26 Jun 2013, 7:57 am
The statute, however, doesn’t address managers of LLCs or managers of any other limited liability entity, which, the court reasoned, made sense as the LLC did not exist as a form of business entity in 1932 when liability on officers or agents of a corporation was imposed. [read post]
13 Sep 2023, 12:39 pm
Low barrier to entry Starting an LLC requires relatively little paperwork and money. [read post]
25 Jul 2011, 1:18 pm
Arizona, are expressly prohibited from seeking foreclose of an LLC member's property interest in the LLC and are not permitted to exercise management or control over the LLC. [read post]
27 May 2021, 8:26 am
Tracy made several unilateral decisions on behalf of the LLC including halting repayments to the Clark brothers and paying his own company for management fees. [read post]
7 Feb 2013, 10:11 am
A manager of an LLC (Byun) purported to borrow money on behalf of the LLC in connection with a real estate development. [read post]
9 May 2020, 7:50 am
On February 18, 2020, the Securities and Exchange Commission (SEC) filed an emergency enforcement action and sought to obtain a temporary restraining order along with an asset freeze against EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry Rybicki. [read post]
28 Nov 2018, 12:33 pm
The creditor would much rather liquidate a company and get their money back. [read post]
25 Sep 2018, 8:26 am
Legislation such as the Patriot Act effectively prohibit transfers to persons on the “Specially Designate Nationals” list and money launderers. [read post]
13 Aug 2018, 9:09 am
The creditor would much rather liquidate a company and get their money back. [read post]
4 May 2007, 9:28 am
Geoffrey Brod, a former Aeltus Investment Management LLC portfolio manager has been charged by the SEC with concealing personal stock trades held by mutual funds that he was overseeing. [read post]
27 Sep 2018, 2:55 am
This would usually happen if the LLC is manager-managed and at least one member does not participate in the day-to-day operations of the business. [read post]
25 Jul 2011, 1:18 pm
Arizona, are expressly prohibited from seeking foreclose of an LLC member's property interest in the LLC and are not permitted to exercise management or control over the LLC. [read post]
7 Sep 2011, 1:51 pm
Manager Managed: means that the Manager is a person who is appointed in the Operating Agreement or in a separate consent agreed to by the members (and the person need not be a member of the LLC). [read post]
15 Apr 2010, 4:12 pm
It is possible to make the LLC run by one or more “managers,” which provides a layer of insulation. [read post]
19 Sep 2014, 7:08 am
White Hat Management, LLC, et. al., 2013-2050. [read post]
7 Jun 2023, 7:29 am
However, LLCs are used by a wide range of businesses, from one person consulting firms, to large investment funds. [read post]
26 Apr 2008, 9:36 pm
This manager-control agreement is added to help make the off-shore entity look independent and separate from the personal and business assets and affairs of the original owner. [read post]
