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20 Mar 2019, 8:43 am by Anthony Bareno
LLCs may elect to be a S-Corporation or a C-Corporation, which means the LLC is not taxed, but instead the income flows through the tax returns of the members. [read post]
18 Nov 2019, 3:47 am by Peter Mahler
(c) In the case of a Member who is a natural person, the death of the Member . . .. [read post]
4 Dec 2023, 4:58 am by Peter Mahler
The letter also spelled out certain “initial business set-up services and continuing business support services” to be provided by GF to the proposed LLC, including office space and facilities, insurance, human resource management, accounting, IT, marketing, and legal counsel to assist in “forming the partnership and associated agreements to be filed as a legal business entity. [read post]
4 Apr 2016, 3:31 am by Peter Mahler
Section 18-305 (c) of Delaware’s LLC Act has a similar provision, with one important difference: the Delaware provision authorizes the manager to withhold confidential information whether or not such authority is spelled out in the operating agreement. [read post]
28 Jul 2014, 10:37 am by SHG
  Copyright © 2013 Simple Justice NY, LLC This feed is for personal, non-commercial and Newstex use only. [read post]
30 Aug 2021, 4:04 am by Peter Mahler
Minnesota: LLC Board Member Liability (40 Ventures LLC v Minnesquam, LLC) LLC agreements for firms with numerous investors often create a corporate-style board of directors to manage the company. [read post]
19 Aug 2019, 3:48 am by Peter Mahler
In doing so they relied on the default rule in § 17704.07(c)(5) of California’s LLC Act (codified in the California Corporations Code), which essentially is cloned from § 407(c)(4) of the Revised Uniform LLC Act and which provides: A manager may be removed at any time by the consent of a majority of the members without cause, subject to the rights, if any, of the manager under any service contract with the limited liability… [read post]
13 Dec 2022, 6:42 am by Second Circuit Civil Rights Blog
She responds by noting that her supervisor, Mariano, spelled out "b-i-t-c-h" in speaking with her in January 2015. [read post]
4 Apr 2016, 3:31 am by Peter Mahler
Section 18-305 (c) of Delaware’s LLC Act has a similar provision, with one important difference: the Delaware provision authorizes the manager to withhold confidential information whether or not such authority is spelled out in the operating agreement. [read post]
4 Apr 2016, 3:31 am by Peter Mahler
Section 18-305 (c) of Delaware’s LLC Act has a similar provision, with one important difference: the Delaware provision authorizes the manager to withhold confidential information whether or not such authority is spelled out in the operating agreement. [read post]
19 Aug 2015, 10:50 am by Kelly Phillips Erb
You could also organize as an LLC but opt to be taxed as a partnership, S corporation, C corporation or disregarded altogether. [read post]