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9 Dec 2009, 7:34 am
Because the laws of a foreign LLC's state mor organization will govern its organization and internal affairs and the liaibility of members and managers, a foreign LLC may offer benefits not available to members of a California LLC says California business attorney Steven C. [read post]
31 Oct 2013, 10:22 am
Section 403 of NY LLC Law says that except as set forth in the operating agreement, LLC shall hold annual meetings. [read post]
25 Apr 2023, 7:24 am
” For this kind of LLC, the Operating Agreement says that the sole LLC Member owns and controls everything. [read post]
16 Oct 2023, 11:40 am
All Members with voting rights in the company should have a say in the appointment process. [read post]
26 Sep 2007, 2:10 pm
" I say "seemed" since tax professors rarely provide direct answers to direct questions ? [read post]
1 Sep 2010, 6:09 pm
[I will have more to say about the close corporation/LLC contrast in a forthcoming article.] [read post]
7 Jun 2022, 12:15 am
Moreover, the legislature clearly did not intend to say that the law of the state of formation of a foreign limited liability company governs the organization of a "limited liability company", as defined by the RULLCA (i.e., a domestic entity). [read post]
12 Jan 2023, 1:16 pm
The LLC Operating Agreement The LLC Operating Agreement is the private company document that governs an LLC’s internal affairs. [read post]
26 Sep 2017, 10:55 am
As the decision notes, LLCs are “creatures of contract” and thus emphasis should be placed on an LLC’s operating agreement to address issues related to an LLC’s internal affairs. [read post]
11 Aug 2011, 5:57 am
The Delaware statute, section 18-702(a), says an assignee of an LLC interest has no management rights except as provided in an LLC agreement. 18-704(a) says that an assignee is admitted as a member in compliance with the LLC agreement. [read post]
21 Mar 2024, 1:47 pm
The court held that the statement of authority does not “regulate the internal decision-making of an LLC. [read post]
13 May 2022, 4:44 am
They will no longer have a say in day-to-day business decisions and may not bind the LLC as an agent. [read post]
17 Mar 2023, 3:09 am
There is an entrepreneurial saying that you should work on your business, not in your business. [read post]
24 Jan 2019, 5:41 am
The entire management team is to be credited with developing the very meaningful market position that it operates from now,” says Manna. [read post]
2 Nov 2023, 12:59 pm
The LLC Operating Agreement is the internal document that details how the company should operate. [read post]
18 Jan 2018, 9:17 am
The records of protected series establishment are all internal under the Series LLC operating agreement. [read post]
1 Nov 2023, 9:00 pm
There is an entrepreneurial saying that you should work on your business, not in your business. [read post]
15 Jul 2019, 4:10 am
Judging by the fact that the respective counsels’ legal arguments hardly cited any relevant LLC case law in favor of citations to cases involving close corporations, I’m tempted to say not much. [read post]
13 Nov 2023, 4:07 am
The underlying petition essentially mimicked allegations typically found in a petition for judicial dissolution of a corporation under Sections 1104 and 1104-a of the Business Corporation Law, i.e., exclusion from LLC’s business affairs, internal dissension, irreconcilable conflict such that dissolution would be beneficial to the membership, denial of access to records, and that dissolution would not injure the public. [read post]
18 Sep 2015, 6:33 am
Neo@Ogilvy, LLC, decided on September 10. [read post]
