Sentences with phrase «of limited liability»

Our attorneys have successfully represented members of limited liability companies in legal actions against other members of the company who have used their position to the financial detriment of the company.

Even though you are the only member of your Limited Liability Company, there are still three good reasons for making Operating Agreements.

This private arrangement is usually legally operated in the form of a limited liability partnership with a fixed manager or management group in charge of the operation of the fund.

An important residual policy consideration is the importance of the limited liability corporation in the Canadian economy.

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.

The most efficient method of limiting liability is through effective risk management techniques and strategies.

He advises clients on business matters including the formation of limited liability companies, corporations, and partnerships and the sale of business interests.

In addition, it will provide that the Trustee will become the manager of the limited liability company.

Because of their limited liability, their personal assets aren't in jeopardy.

Getting rid of limited liability would also discourage investment, because without it investors are also liable.

No other entity gives you the ownership and management flexibility of a limited liability company.

The statement should be approved by the board of directors and signed by a director, or approved by the members and signed by a member in the case of a limited liability partnership.

However, in the case of a limited partnership, this may result in the loss of limited liability protection.

The chief executive officer of a limited liability corporation is the Manager.

In your example of limiting liability on condo deficiencies by the developer........

The proposed solution to these issues is the utilization of limited liability companies as a holding vehicles.

Our cases include corporate and shareholder disputes and disputes among partners and members of limited liability companies.

A coalition of groups on Monday urged the state Board of Elections to prohibit the practice of allowing individual donors to give unlimited campaign contributions through a network of limited liability corporations.

Broadly, NYPIRG notes the impact of the decision to suspend the state's $ 150,000 aggregate limit for contributions in an election cycle will have little impact, considering donors can skirt that through donations from a web of limited liability corporations.

An Ontario Court of Appeal decision issued this week has confirmed that managers can not be denied the benefit of a limited liability clause: Richards v. Media Experts M.H.S. Inc. 2012 ONCA 769.

He says they condoned the growing use of Limited Liability Corporations to skirt existing donation limits, and they loosely defined how politicians could spend their campaign funds on personal uses.

And an analysis of the Limited Liability Partnership (LLP) accounts of a group of the City's biggest international imports paints a similar picture of strength, with many of the firms showing no great financial dependence on their overseas parents.

Here are some examples of situations where the structure of a limited liability corporation may not protect the business owner from legal responsibility:

Eighty - four percent would back term limits for lawmakers and 79 percent back term limits for state elected officials; 77 percent support ending the practice of limited liability companies giving unlimited funds to campaigns; 74 percent back allowing initiative and referendum on the ballot; 65 percent support banning full - time employment for the Legislature.

In this video, Legal Week editor Georgina Stanley talks to Smith & Williamson head of professional practices Giles Murphy about the key points of interest to emerge from an analysis of the limited liability partnership accounts of the UK's 50 largest law firms.

Pursuant to the Offering, we are offering on a continuous basis up to $ 1.5 billion in units of our limited liability company interest, consisting of up to $ 1.25 billion of units in the primary Offering consisting of Class A units at an initial offering price of $ 10.00 per unit, Class C units at $ 9.576 per unit and Class I units at $ 9.186 per unit, and up to $ 250 million of units pursuant to the Distribution Reinvestment Plan.

This bizarre legal loophole allows essentially unlimited contributions to state political campaigns by allowing people to make contributions via an unlimited number of Limited Liability Corporations, or shell companies.

There's no denying that the Senate has repeatedly blocked votes to change the loophole, which allows owners of limited liability companies to effectively ignore contribution limits.

Saylor noted that the Long Island luxury developer Glenwood Management — which has given millions in campaign donations through a slew of limited liability companies — was a player in corruption plots described at the recent trials of ex-Assembly Speaker Sheldon Silver and ex-Senate Majority Leader Dean Skelos, who were both convicted.

During his State of the State presentation, he advanced a slew of items including a 15 percent cap on outside pay for state legislators, public financing of elections and restricting the giving power of limited liability companies by closing a «loophole» that treats LLCs like individuals.

An Ontario Court of Appeal decision issued this week has confirmed that managers can not be denied the benefit of a limited liability clause: Richards v. Media Experts M.H.S. Inc. 2012 [Read More]

LLCs have become the state's most popular form of limited liability business entity and are favored by small business owners because it affords them the «managerial flexibility and favorable tax benefits of the partnership, while also providing the conventional limited liability protection of the corporation.»

It could, then, be a requirement of incorporation under the law and the conferment of limited liability for investors, that a public company takes such measures as recognising its social as well as legal obligations.

There are many types of business structures, and sole proprietorships don't have the kind of limited liability that others have (in other words, if your business gets sued, your personal possessions aren't protected).

But some business owners see the S corporation as merely one way to escape liabilities by gaining the benefits of limited liability while continuing to operate as sole proprietorships.

In the 1800s, in Europe, the argument for the liberalization of bankruptcy law, and the introduction of limited liability, was bolstered by the increasing number of cases like John Bayer, who went bankrupt and then, later, started producing Bayer aspirin, which became a great success.

(e) a partnership (other than a limited liability partnership within the meaning of the Limited Liability Partnerships Act (Chapter 163A of Singapore) in which each partner is an Accredited Investor;

Keep in mind that shareholders have no legal duty to protect or serve the companies whose shares they own and are shielded by the doctrine of limited liability from legal responsibility for those companies» debts and misdeeds.

«Generally, the advantages of [setting up as] an LLC is that it makes you part of an organization,» Bayard said of limited liability companies.

Mr Haldane pointed to the creation of limited liability corporate structures in the late nineteenth century as an important development towards banks growing excessively large.

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

So my question is, are there conservatives or libertarians who agree with the assessment that limited liability laws amount to corporate welfare, and thus call for the abolition of limited liability?

Finally, even the wildest politician needs funding from somewhere (the «grassroots» funding model is usually a lie), and advocating the removal of limited liability would ensure no corporation (or anyone who understands basic economics) will back them.

A state judge has dismissed a challenge to the Board of Elections» treatment of limited liability companies.

Relying on the secrecy of limited liability companies, white - collar thieves are targeting pockets of New York City for fraudulent deed transfers, leaving the victims groping for redress.

Squadron has been one of the leading proponents for closing New York's infamous «LLC loophole,» which ostensibly allows wealthy individuals and corporations to give unlimited funds to political candidate campaigns through a variety of limited liability companies.

Aaron has been a generous donor to Gov. Andrew Cuomo's campaign, though his giving tends to flow through a complex set of limited liability companies controlled by him or his family members.

More specifically, Schneiderman is calling for higher contribution limits, the closing of a limited liability corporation loophole which he says «allows wealthy interests to funnel limitless amounts to campaigns,» as well as for the elimination of the housekeeping committees used by the state's political parties.