Assume that a debtor is a member of a three-person Limited Liability Company (LLC). All the members have management rights. The debtor then files for bankruptcy -- What happens? At this point, the ...

When starting your limited liability corporation (LLC), one of the first things you’ll have to do is decide what kind of LLC you want to build. Some are small ventures run by one person or a family.

Limited liability company owners, or members, set up single- or multi- member LLCs to reap benefits enjoyed by other business entities such as limited liability protection. LLC members must endorse ...

A limited liability company (LLC) is a business structure combining the tax advantages of a partnership with the liability protections of a corporation. Many, or all, of the products featured on this ...

As limited liability companies (LLCs) continue to become more prevalent, courts have begun to consider the extent to which members may waive fiduciary obligations. As limited liability companies (LLCs ...

A limited liability company is a type of business entity that is recognized in every state. The concept of the LLC structure is to give some legal protection to the owners, while keeping bookkeeping ...

"The pick-your-partner principle reflects the notion that members of an LLC have the right to choose with whom they associate in business, because the trustworthiness, creditworthiness and ...