Most business owners are aware of the legal requirement to provide workers’ compensation insurance for their employees. But, can limited liability company members be covered as well? Consider the following… A recent case… Under New Jersey’s Workers’ Compensation Act, employers are...
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...
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...
Compared to corporation shareholders, members (i.e., “owners”) of limited liability companies (“LLCs”) are entitled to extensive information about their company. Consider the following... By comparison… In a prior e-newsletter, I discussed shareholder rights to information about their company. In short, New...