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The reasons to dissolve could be that the LLC has met its goals, the LLC is merging with another company, or the members have decided to part ways. An involuntary or judicial dissolution is a ...
The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.
The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...
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Tipton estimates the tax could bring in a revenue of $150,000 to $180,000 in the first year, according to council meeting minutes. He said the village could use the revenue to update the storm ...
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