Sentences with phrase «called limited liability company»

Then, in 1977, the Wyoming state legislature created a new business form called the limited liability company, which was like an S corporation but with fewer rules.

at the level your talking about its all about you personally the LLC is simply to provide a level of protection vis a vi liability (that's why its called a limited liability company)..

He told WCNY's Susan Arbetter a week later that he would seek to close the so - called limited liability company loophole (and wouldn't take LLC donations in any re-election campaigns if successful in 2018).

The Assembly has passed some campaign finance reform measures, including closing the so - called Limited Liability Company (LLC) loophole, which allows those controlling these secretive business entities to essentially ignore campaign contribution limits.

Heastie called for closure of the so - called limited liability company loophole, «limiting big money in politics,» and pension forfeiture for lawmakers convicted of felonies.

On the campaign finance front, Cuomo also has provided an eight - proposal «a la carte» menu of options for closing the so - called limited liability company loophole, which allows a single donor to use multiple LLCs to give the maximum amount many times over.

He has also proposed closing the so - called limited liability company loophole that allows contributors to skirt maximum political donation limits; and enacting procurement reforms aimed at safeguarding against corruption.

Not exact matches

According to a company statement, Zuckerberg is transferring $ 45 billion of his Facebook shares to a new limited liability company called the Chan Zuckerberg Initiative.

ROBERT FRANK, NIGHTLY BUSINESS REPORT CORRESPONDENT: They «re calling it the great conversion, taxpayers turning themselves into limited liability companies and S - corps in order to lower their tax bill under the new tax law.

Generally, you have the option of either choosing a general partnership, limited liability company which is commonly called an LLC, or a sole proprietorship for a bitcoin exchange and trading company.

You have the option of either choosing a general partnership, limited liability Company which is commonly called an LLC, or even a sole proprietorship for a business such as office cleaning services business.

Cuomo supports closing the so - called LLC loophole, which exempts limited liability companies from campaign donation limits.

Two decades after the legislation that created limited liability companies in New York state, the business entities have taken on a central role in the funding of political campaigns, according to a new report from state Sen. Daniel Squadron, a Democrat who has been one of the most vehement opponents of the so - called «LLC loophole.»

During that call, Silver claimed «that there was no issue with him getting the fees because he «only represented the (limited liability companies)»» controlled by Glenwood, the filing states.

In an open letter released on Tuesday, Gipson called for a special session to deal with ethics and campaign finance legislation, namely the closing of the loophole in state election that allows for unlimited donations to flow from a web of limited liability companies.

Cuomo has previously called for an end to the so - called loophole in election law that allows unlimited donations through limited liability companies as well as limits to the amount of money state lawmakers can earn outside of public service.

Lawmakers later today will consider a bill that would close the so - called LLC loophole, a provision in the state's campaign finance regulations that allows single donors to contribute well above the legal limit to campaigns and political causes through a web of limited liability companies.

Two decades after the legislation that created limited liability companies in New York, the business entities have taken on a central role in the funding of political campaigns, according to a new report from state Sen. Daniel Squadron, a Democrat who has been one of the most vehement opponents of the so - called «LLC loophole.»

During the legislative session that's slated to end Wednesday, groups backed by some of the same unions have ramped up attacks against state Senate Republicans for refusing to close another quirk in campaign finance law, the so - called «LLC loophole,» that allows real estate interests to use limited liability companies to vastly multiply the power of their giving.

ALBANY — Despite a promise to close what he himself called «loopholes» in the campaign - finance law, Gov. Cuomo has brought in $ 6.2 million for his re-election from limited liability companies...

In 2012, the incorrectly spelled Delaware limited liability company called «The Insititue (sic) For Municipal Safety Research» was formed.

Mr. Cuomo's office had no immediate response to the proposal, which also included a plan to close the so - called L.L.C. loophole, which allows corporate interests to spend almost unlimited amounts of money on campaigns by channeling contributions through limited liability companies, which can be designed to provide little transparency.

Meanwhile, Lanza also came under fire Wednesday from Common Cause / New York, which called on him to hold a Codes Committee meeting and take up a vote on a bill to close the campaign finance loophole involving limited liability companies, or LLCs — legislation the Senate GOP opposes.

Limits on the so - called loophole for limited liability companies, which allow limited liability companies to have much higher campaign contributions than other businesses.

Cuomo once again called for the closing of a campaign donation loophole that allows groups and individuals to sue limited liability companies to skirt donation limits.

That's meant that the so - called LLC loophole — an industry favorite that allows property owners and other private interest groups to pour unlimited amounts of cash into political campaigns though multiple limited liability companies — has remained in place.

The company is also notorious as the No. 1 exploiter of the so - called LLC loophole in campaign finance law, which deep - pocketed donors blow past contribution limits and hide their identities by passing money through limited liability companies.

Details about the governor's proposal, due to be unveiled in next week's State of the State address, are not known, but are likely to include requiring more disclosure and regulations regarding outside income, and another promise to push to seal the so - called L.L.C. loophole, which allows limited liability companies almost unchecked ability to donate money to candidates.

Cuomo will once again push to close the so - called limited liability loophole that allows companies, especially real estate firms, to use their subsidiaries to multiply the force of their political giving — a gap that has benefited the governor more than any other state candidate.

On paper, the transaction was recorded in the Erie County Clerk's Office on Friday as a deed in lieu of foreclosure for $ 96.8 million, with LNR buying the property through a limited - liability company called GCCFC 2007 - GG9 Niagara Falls Boulevard LLC.

New campaign filings show Gov. Andrew M. Cuomo raised almost $ 900,000 from corporate spinoffs known as limited liability companies over the last six months, underscoring what critics call a gaping loophole in the laws meant to cap corporate political contributions.

A company called Unique Management lists the same address as those limited liability companies on its website, which discloses scant further information about the business.

Cuomo also in this State of the State message once again called for the closing of a campaign donation loophole that allows groups and individuals to sue Limited Liability Companies to skirt donation limits.

To call the California Revised Uniform Limited Liability Company Act «quirky» would be to pay it an unmerited compliment.

Cases that are helping to clarify Ontario's franchising legislation include a pro-franchisor Superior Court ruling that a decision to wind down GM dealerships did not call for a new set of disclosure documents (Trillium Motor World Inc. v. General Motors of Canada Limited), and a second case involving the auto giant (Addison Chevrolet Buick GMC Ltd. v. General Motors of Canada Ltd), where courts have declined to dismiss an argument from franchisees that GM's U.S. parent company should share liability.

In California, the main document needed to form a limited liability company is called the articles of organization.

Bobbie Broker owns 100 % of a successful real estate brokerage called Bobbie's Realty, which operates as a limited liability company (LLC).

The change, which would allow real estate businesses to take advantage of a new tax break that's planned for partnerships, limited liability companies and other so - called «pass - through» businesses, combined elements of House and Senate legislation in a new way.

She formed a limited liability company, and the next day called me with an offer.

Brady has said he anticipates changes to the bill aimed at simplifying the rules it would impose for partnerships, limited liability companies and other so - called pass - through businesses to qualify for a proposed 25 percent tax rate.