The New York State Senate and Assembly have given the green light to the LLC Transparency Act (referred to as the “LLC Act”), which, if Governor Kathy Hochul signs it into law, will bring changes to the New York Limited Liability Company Law. These changes will mandate the disclosure of the individuals who benefit from […]
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Selling Limited Liability Company Membership Interests
There are several important issues to consider when buying or selling Limited Liability Company membership interests. There are usually provisions in operating agreements that address the process involved in transferring a member’s interest. What type of provisions? For starters, they require the member to provide notice of the transfer to the other members. In addition, many […]
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