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A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
The New York Business Corporation Law is the primary corporation statute in the State of New York. It is an influential model in U.S. corporate law. It is chapter 4 of the Consolidated Laws of New York, originally enacted as chapter 567 of the Laws of 1890.
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.
Next, an application and documentation can be submitted, and then the lender can evaluate the application and approve or deny the loan request. Yes, an LLC has its own credit score, which is a ...
The dissolution of New York LLCs is governed by Article 7 of the New York Limited Liability Company Law (LLCL). Section 702 thereof provides that, as one ground, judicial dissolution may be ...
The New York Small Business Development Center (NYSBDC), established in 1984 and administered by the State University of New York (SUNY), operates 20 regional service centers across the state. With a team of around 260 professionals, including business advisors, administrators, and staff, the NYSBDC offers information and assistance to small ...
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