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What does LLC after a law firm name?
LLC stands for Limited Liability Company. When a law firm has LLC in its name, it indicates that the firm is structured as a limited liability company, which offers its owners limited liability protection. This means that the owners are not personally liable for the debts and obligations of the firm.
Should a comma be used after LLC?
Yes, a comma should be used after "LLC" when it is used in the middle of a sentence. For example: "XYZ Corporation, LLC, is headquartered in New York."
Where would I get reliable information about the formation of an llc in Florida?
You can get reliable information about forming an LLC in Florida by visiting the official website of the Florida Division of Corporations. They provide detailed guidelines, resources, and forms needed to start an LLC in the state. Additionally, consulting with a business attorney or a professional business formation service can also provide valuable insights and guidance.
What can be done about the Law office of Tracy Paul?
Arches Financial LLC, is a debt collection agency that harasses but also does business as Law Office of Tracy Paul, Salt Lake City, UT. You can follow guidelines for dealing with debt collectors, like reporting mailing a letter telling them to stop calling. The debt does not disappear, but getting sued when you are not that person or have records showing it is paid is an unprofitable bluff. Details available at ftc.gov http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.shtm http://www.manta.com/company/mmc9d2d
Who owns justice the girls clothing store?
It used to be Tween Brands until Dress Barn (ticker DBRN) bought them in 2009
Can a non wage garnishment be placed on a llc?
Yes it can. If the creditor files a wage garnishment to a protected LLC and that LLC fails to respond or respond properly, a court can and will hold the LLC jointly and severally liable for the entire debt owed to the creditor.
Does past personal bankruptcy effect new llc and members and are they liable for any past debt?
Yes i dont know why
How can personal debt be transferred to an LLC?
Personal debt can be transferred to an LLC by having the LLC assume the debt through a formal agreement or by using the LLC's assets to pay off the personal debt.
Can an LLC be a partner in another LLC?
Yes, an LLC can be a partner in another LLC. This is known as a multi-member LLC structure, where one LLC is a member or partner in another LLC.
Can a LLC invest in its parent LLC?
Yes, a LLC, that is, a LLC that is member of a LLC, could theoretically make a distribution to its parent LLC. Although, where member(s) of the LLC that is a member of the "parent" LLC are also member(s) of the parent LLC violate certain imputed fiduciary duties, the potential arises for unlawful self-dealing to occur.
Can an LLC have only one member?
Yes, an LLC can have only one member.
Is a member of an LLC obligated to contribute more money to or to agree to secure more debt on behalf of the LLC to the LLC?
Typically not and the default rule is no. There are some exceptions. First, the operating agreement that governs the LLC could have a provision explicitly requiring the members to do so. Such a provision would have the force of contract and the member would be obligated to do so. Second, previous distributions made to members can, in some circumstances, be "clawed back" by creditors - typically when there has been a distribution made without regard to existing debt.
Where is the Haunted Mines Llc in Colorado Spgs Colorado located?
The address of the Haunted Mines Llc is: 1510 Northfield Rd, Colorado Spgs, CO 80919-3221
Who is responsible for the debts in a limited liability company?
The general answer is "NO" since the whole reason that states enacted limited liability company statutes was to limit the liability of the owners of the LLC to the amount of their investment. However, a member of an LLC can be personally liable for debts of the LLC in certain specific cases. Some examples include: * a member is liable if he guaranteed the debt * a member can be liable if the debt was obtained through fraud * a member can be liable for the LLC's failure to pay over payroll taxes to the IRS * a member can be liable if he took money out of the LLC at a time when it was insolvent * a member can be liable under a "piercing the corporate veil" theory
Can I sue an LLC for damages or legal issues?
Yes, you can sue an LLC for damages or legal issues. An LLC is a legal entity that can be held liable in court for its actions or negligence.
How can I transfer my personal debt to an LLC?
You cannot directly transfer personal debt to an LLC. However, you can use the LLC to take on new debt in its name, which can help protect your personal assets from being used to repay the debt. It's important to consult with a financial advisor or attorney to understand the implications of this strategy.
Can a member of LLC be a minor?
no
