Sentences with phrase «limited liability status»

It may be a small risk, but why should a firm which is taking all the time and trouble to convert to limited liability status leave that chink in its armour open at all?

The firm is in talks with all 40 salaried partners about transferring to fixed - share partner status, a move which would help the firm cut costs and align its partnership before converting to limited liability status in May 2010.

They help secure your limited liability status.

They keep track of all votes on important business decisions and help secure your limited liability status.

The minutes keep track of all votes on important business decisions and they help secure your limited liability status.

It will allow you to avoid disagreements down the road, map out exactly who is responsible for what, distribute debt and profits the way your company sees fit, and protect your all - important limited liability status.

S - Corps, like all corporations, enjoy limited liability status.

Though these minutes do not need to be filed with the state and can instead be kept with your corporate records, they are important documents for protecting your limited liability status and keeping track of the votes and decisions made by your business.

One of the justifications that liberals make for the regulation and taxation of corporations is that corporations are by their very nature government - subsidized enterprises, because the government gives them limited liability status, i.e. it makes it so that even though the shareholders control what the corporation does, they are not personally liable for damages due to what the corporation does, beyond the money they've invested.

Not exact matches

Most small businesses that consider incorporating do so for the limited liability that corporate status affords.

Traditional C - corporation status provides the protection of limited liability for shareholders, but at a cost of double taxation of earnings — at both the corporate and shareholder levels.

A quick review of a book that offers the pros and cons of limited - liability company (LLC) corporate status.

(c) if VRPL, VFF and / or Virgin Australia is liable to the Member in any way, Virgin Australia, VFF and VRPL's liability will be limited to allocating to the Member's Velocity Frequent Flyer Membership Account the number of Points and / or Status Credits which Virgin Australia and VRPL consider is appropriate in connection with the circumstances in which the relevant claim arose.

In 2007 the company changed its legal status, transforming from a limited liability company into a joint stock company.

DELTAHEAD attained its status as an LLC (a Limited Liability Company) after a string of chance meetings, fortuitous circumstances, and hard work.

In January 2002, it took on the legal status of a nonprofit limited liability company.

While Aboriginal rights are regarded as communal, the formal legal status even of Aboriginal bands is not clearly defined in Canadian law: bands may not be able to sue or be sued in their own names or limit financial liability for debts to communal assets.

But some critics suggest there will be a limit to the possibilities for integration because the various firms in the Dentons mix won't be sharing profits; rather, they'll continue to operate on the Swiss Verein model, an approach that allows member firms to join internationally under a single brand without sharing revenues or profits and thereby maintaining their independent status for liability and regulatory purposes.

We can expect to see more challenges to the partner protection afforded by limited liability partnership (LLP) status, particularly where firms have not addressed the issue adequately in their members» agreement, perhaps simply adopting their former partnership agreement.

Additional Interest Insured Anti-Theft Device B Bodily Injury Liability Coverage C Comprehensive Coverage > Collision Coverage Continuously Insured D Declarations Page Deductible Discounts Driver Status G Garaging Location L Limits Loan / Lease Payoff Coverage N Named Insured O Occasional Driver P Policy Expiration Date Policy Term Primary Residence Primary Use Principal Driver Property Damage Liability Coverage S Second Named Insured SR - 22 U Uninsured Motorist Coverage Underinsured Motorist Coverage Uninsured Motorist Property Damage Coverage Underinsured Motorist Property Damage Coverage V VIN

However, it may surprise you to see your prior liability limits factor into your driving status.

If you happen to have a substantial financial status or a good amount of assets, then you will want to ensure that you are selecting higher liability limits in order to protect your financial and assets should you happen to ever be liable for a motor vehicle accident.

Some of the most common legal statuses are incorporated (Inc.) and limited liability corporations (LLC).

Responsibilities: • Negotiating, writing and executing real estate investment agreements as well as contracts on behalf of the company • Offering counsel on a variety of legal issues • Advising executives within the company • Working alongside other departments within the company • Advising on contract status, business risks and risk mitigation strategies, and the legal liabilities associated with different real estate related deals including but not limited to: the evaluation of existing property special assessments, restrictions, zoning issues, building codes, lien releases, ADA, etc.) • Conduct title and survey review and perform due diligence on prospective loan deals; prepare and review contracts, and coordinate closings • Researching and anticipating unique legal issues that could impact the company • Reviewing advertising and marketing materials to ensure that they are in compliance with legal requirements • Manage real estate disputes including litigation • Providing training to the company on legal topics • Performing other duties as required or assigned

Such factors include, but are not limited to: the Company's ability to meet debt service requirements, the availability and terms of financing, changes in the Company's credit rating, changes in market rates of interest and foreign exchange rates for foreign currencies, changes in value of investments in foreign entities, the ability to hedge interest rate risk, risks associated with the acquisition, development, expansion, leasing and management of properties, general risks related to retail real estate, the liquidity of real estate investments, environmental liabilities, international, national, regional and local economic climates, changes in market rental rates, trends in the retail industry, relationships with anchor tenants, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks relating to joint venture properties, costs of common area maintenance, competitive market forces, risks related to international activities, insurance costs and coverage, terrorist activities, changes in economic and market conditions and maintenance of our status as a real estate investment trust.