Search for: "Provident Operating Company, LLC" Results 81 - 100 of 4,338
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27 Jan 2020, 3:58 am by Peter Mahler
” Section 4.4 (“Restrictions on the Members”) providing that, except with the requisite managerial consent, a member shall not “pledge or otherwise dispose of his or her interest in the Company . . . or enter into any agreement as a result of which any other person shall have rights as a Member of the Company,” and that “No member shall do any act in contravention of [the Operating Agreement}. [read post]
10 Oct 2014, 7:13 am by Andrew Abramowitz
Limited liability companies do not require ownership to be evidenced by physical certificates, though a company’s operating agreement can provide, voluntarily, that certificates will be issued. [read post]
4 Jun 2018, 5:00 am by John Jascob
The law, effective July 1, 2018, allows LLCs to become blockchain-based limited liability companies (BBLLCs) by: (1) specifying in their respective articles of organization the election to be a BBLLC; and (2) meeting the requirements of the new law. [read post]
8 Jun 2020, 3:50 am by Franklin C. McRoberts
The Last Will and Testament The estate plan in Steven’s Last Will and Testament was the polar opposite of the operating agreement, cutting out his wife and daughter, providing instead a life estate of Steven’s 19% LLC interest to his alleged mistress, Betsy, with a remainder to his alleged out-of-wedlock daughter, Tamara: To my loving partner, Betsy I. [read post]
22 Sep 2014, 5:43 am by Admin
Ownership of a Florida LLC may be established, and usually is stated, exclusively in the appropriate section of the LLC’s operating agreement. [read post]
13 Feb 2013, 10:57 am
The Act will affect every (existing or newly created) New Jersey limited liability company (LLC). [read post]
13 Feb 2013, 10:57 am
The Act will affect every (existing or newly created) New Jersey limited liability company (LLC). [read post]
20 Nov 2013, 9:48 am
This differs from the old law, which divided profits and losses in proportion to the contributions of each member, unless otherwise provided by the LLC's operating agreement. [read post]
17 Jan 2013, 10:25 am by Dana
I was preparing the operating agreement for a client’s LLC. [read post]
13 Sep 2016, 1:00 am by Holland & Hart
In an important decision for debtors and creditors alike, the United States Bankruptcy Court for the District of Delaware has ruled that provisions in a limited liability company operating agreement, granting the company’s lender absolute power to prevent the company from filing a bankruptcy petition are unenforceable as against public policy. [read post]
13 Sep 2016, 1:00 am by Holland & Hart
In an important decision for debtors and creditors alike, the United States Bankruptcy Court for the District of Delaware has ruled that provisions in a limited liability company operating agreement, granting the company’s lender absolute power to prevent the company from filing a bankruptcy petition are unenforceable as against public policy. [read post]
22 May 2010, 8:53 am by Duncan H. Adams and Thomas J. Mihill
Protecting the company’s limited liability status is especially important if one person owns the LLC. [read post]
21 Nov 2016, 3:20 am by Peter Mahler
Unless otherwise provided in the operating agreement, majority members of LLCs formed under New York law — and under the LLC laws in most other states — effectively can expel a minority member by implementing a merger with another company owned by the majority members. [read post]
8 Oct 2019, 6:34 pm by Jerry Burleson
In some cases, courts may find that a manager breaches the duty of care by knowingly violating the company’s operating agreement. [read post]
24 Jul 2011, 6:13 pm by Dana
Corporations Code Section 17106 provides a broad set of rights to LLC members, managers and holders of economic interests. [read post]
28 Apr 2015, 8:51 am by Marc Soss
The operating agreement for the limited liability company (Lee Group) provided that the debtor had a 0% economic interest, but held 51 out of 101 votes. [read post]
6 Nov 2013, 5:09 am by Kenan Farrell
Plaintiff, a California company operating in North Vernon, Indiana, is a wind turbine manufacturer. [read post]
6 Mar 2019, 6:26 am by Jon Alper
The amendment does not state whether Nevis will impose any taxes on Nevis LLCs after June, 2021, nor does it provide for treatment on LLCs formed in 2019. [read post]
10 Aug 2011, 2:55 pm by Dana
An entrepreneur who was trying to prepare a limited liability company (LLC) Operating Agreement on his own (apparently using someone else’s as a template) was puzzled by the concept of “sharing losses”. [read post]
23 Apr 2014, 8:46 am by Gavin Johnson
In addition to the flexibility the LLC provides in organizing and running the business, there are few administrative burdens associated with operating an LLC. [read post]