Series LLCs – Better Choices Available
March 25, 2009
What is a Series LLC? A Series LLC is a LLC just like any other LLC, but the Operating Agreement of a Series LLC creates separate “series” of assets that are partitioned and protected from other assets held by the LLC. The idea is that the liability of each asset owned by the LLC is only enforceable only against the assets that are held in the same “series”. Read more
Theatrical Production LLCs and the New York Publication Requirement
March 25, 2009
New York requires that all domestic and foreign limited liability companies and limited partnerships publish a copy of the articles of organization or a notice related to the formation of the company in two newspapers. Read more
New York’s Irrational LLC Publication Requirements Hurt Business Owners and Benefit Special Interests
October 20, 2008
In New York, a Limited Liability Company must publish, within 120 days of its formation, a notice in two general-circulation newspapers (one daily, one weekly) in the county where the LLC was formed. The notice has to run once a week for six weeks and include a number of facts concerning the company and its formation. If an LLC doesn’t fulfill the publication requirements, the company’s authority to do business in New York can be suspended. Read more
Sybil LLC, Inc.
October 13, 2008
Anyone who watched TV in the 1970s most likely associates the name “Sybil” with the idea of multiple personalities. There are “Sybils” in the business world as well. Generally, limited liability companies with two or more members are treated under Federal tax law as partnerships; LLCs with one member are “disregarded” for Federal income tax purposes, and the income is reported on the sole member’s tax return. Read more
The Knee-Jerk LLC
October 2, 2008
LLCs have too often become the knee-jerk choice for most new businesses over the past few years. However, as the California gross receipts tax has risen (and as clients have expressed dissatisfaction with the cost), it is time to compare the advantages of LLCs with other options. This article examines some of the factors that can be used to determine whether the LLC is the right structure for a particular business. Read more
