What happens when the last member of a limited liability company dies? Consider the following…
The conundrum…
When a corporate shareholder dies, the shareholder’s stock passes to the deceased shareholder’s heirs. All of a shareholder’s rights (e.g., right to vote and...
In prior blogs, I discussed how the Corporate Transparency Act (“CTA”) will require most existing and new corporate entities (e.g., corporations, limited liability companies, etc.) to report personal information about the entity’s owners and those who formed/incorporated the entity....
Can an unsigned agreement be binding?
Limited Liability Company Operating Agreements…
A limited liability company (LLC) operating agreement (OA) is, in the case of a multi-member LLC, an agreement of all the members of the LLC regarding the governance and...
In prior blogs, I wrote about the federal Corporate Transparency Act (“CTA”) passed on January 1, 2021. Implementation of certain aspects of the CTA were deferred until the United States Department of Treasury could pass rules that clarify the...
In prior blog, I wrote about the federal Corporate Transparency Act (“CTA”) passed on January 1, 2021. Implementation of certain aspects of the CTA were deferred until the United States Department of Treasury could pass rules that clarify the...