Search for: "Provident Operating Company, LLC"
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24 Jul 2023, 12:15 am
Section 17701.10 of California's Revised Uniform Limited Liability Company Act (RULLCA) provides that an operating agreement serves the following four purposes: Relations among the members as members and between the members and the limited liability company; The rights and duties under RULLCA of a person in the capacity of manager; The activities of the LLC and the conduct of those activities; and The means and conditions for… [read post]
29 Jan 2010, 2:38 am
The LLC Law Monitor does exactly what its title says - it provides insight and commentary on the law of limited liability companies. [read post]
12 Nov 2009, 2:23 pm
Highgate LTC Management, LLC, a limited liability company, operated Northwoods Rehabilitation and Extended Care Facility (“Northwoods”) in Cortland County. [read post]
23 Feb 2015, 3:25 pm
An operating agreement of an LLC or the by-laws of a corporation may provide that a minority member is entitled to specific financial records not mentioned in the Tennessee Business Corporation Act or in the Tennessee Limited Liability Company Act such as statements of cash flow or records of compensation or distributions made to officers or directors. [read post]
29 Aug 2022, 2:16 pm
The decedent in this case signed an LLC operating agreement containing the following clause: Death Buy Out. [read post]
2 May 2016, 3:09 am
The complaint alleged both that the LLC’s purpose is “to own and operate the Property in such manner so as to provide for the financial needs of the members as they may require” and that “the four members have never been able to agree on the purpose of the Company and how the Company should be operated. [read post]
12 Nov 2013, 11:49 am
This contract, called an operating agreement, is the centerpiece of each LLC. [read post]
6 Jan 2022, 9:28 am
The case of Colonial Records Storage, LLC v. [read post]
17 Sep 2018, 6:10 am
LLCs are governed by operating agreements among the members. [read post]
31 May 2023, 7:55 am
Limited Liability Company Limited liability companies (LLCs) combine features of partnerships and corporations. [read post]
21 Aug 2017, 3:33 am
The typical, broad purpose clause found in untold thousands of standardized and customized LLC agreements provides that the LLC’s purpose is “any lawful business,” mirroring Section 201 of the LLC Law (“A limited liability company may be formed under this chapter for any lawful business purpose or purposes”). [read post]
21 Aug 2017, 3:33 am
The typical, broad purpose clause found in untold thousands of standardized and customized LLC agreements provides that the LLC’s purpose is “any lawful business,” mirroring Section 201 of the LLC Law (“A limited liability company may be formed under this chapter for any lawful business purpose or purposes”). [read post]
28 Apr 2023, 12:37 pm
Delaware LLCs make this process easy, providing flexibility for entrepreneurs as they scale their operations. [read post]
29 Jun 2008, 8:44 pm
A LLC can be operated like a corporation or it can be managed like a partnership. [read post]
3 Nov 2021, 12:49 pm
All Coast, LLC, 2021 U.S. [read post]
26 Aug 2017, 5:01 am
’” Rather, “[t]he standard is whether it is reasonably practicable for [the company] to continue to operate its business in conformity with its LLC Agreement. [read post]
29 Aug 2009, 1:07 pm
Get personalized time with SLF Utah LLC Attorneys to ensure your company is properly established and protected. [read post]
19 Jul 2020, 12:42 pm
That Rule, as reflected in §48-249-403, provides that managers and members are not liable for their conduct in operating the business except where it amounts to “grossly negligent or reckless conduct, intentional misconduct or knowing violation of law. [read post]
18 Jan 2018, 12:32 pm
In the end, the seminar reinforced that Delaware makes it easy to maintain and operate an LLC while giving credence to businesses and putting faith in these companies to maintain a solid LLC operating agreement. [read post]
11 Dec 2017, 3:28 am
When New York amended its withdrawal provision, LLC Law § 606, it included a new subsection “b” grandfathering LLCs formed before the amendment’s 1999 effective date, meaning that withdrawal under the “old” § 606 and fair-value buyout under LLC Law § 509’s default rule remain available for members of pre-1999 LLCs — so long as not otherwise provided in the… [read post]
