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It sells membership units.
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∙ 15y ago
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if LLC own shares in the other LLC can the creditor goes after the other LLC?
Yes - the shares are an 'asset' - whether they're shares in the business under investigation, or another company. The shares would be sold off (or 'liquidised' ) in order to maximise the cash value of the company for the benefit of its creditors.
What does sudomine mean?
There is no definition for a word spelled sudomine. Are you sure the spelling is correct? There is a company called SudoMine LLC. They sell shares in mining.
What is an operating agreement?
Typically this is for an LLC to spell out who owns what. For Example, in a corporation ownership is determined by who owns what shares, if there are 100 shares and you own all of them then you own 100% of the company.In an LLC, owners are referred to as "members" and they own a percentage of the LLC. Since the State does not ask who owns what percent, an llc operating agreement states which members own the percentage(s) of the LLC.
What is the ticker symbol for sms audio LLC?
A LLC cannot distribute any shares. The LLC would have to change its legal structure to a C or S corp. Trying looking for HNHID
Does a private limited company have to sell shares?
No. Only a corporation can sell shares. They don't have to sell them if they don't need the money. Well this is not whole true and correct. There are several types of private companies. There is a sole proprietorship, a partnership, a limited liability company (LLC), and also Chapter S Corporations. All of these companies can be private (meaning not traded on the stock market) companies. There for only a sole proprietorship is the only company that does not have to sell shares since it is a wholly owned company by one person. The rest of the type of company structures must sell shares of the company which is actual ownership of the company. Now the share price can be anywhere from a dollar a share to whatever.
What is the difference between ltd and llc?
Ltd is a private company that is limited by shares incorporated. An LLC is not a corporation but a legal form of a company that provides limited liability to its owners.
What is a LLC agreement?
This question is vague but most likely you are referring to a LLC Operating Agreement which states how much each owner's (often referred to as "Members") interest is in an LLC. Interest is described as how much of a percentage they own, not shares like a corporation
What is a register llc?
A registered LLC means "Limited Liability Company." Companies will always have this behind their name even if its a dba name. This means that they have limited liability and someone co-shares the full liability.
What does class B membership of an LLC mean?
It can mean anything, depending upon how the operating agreement is written. Get a copy of the operating agreement and it should tell you what the rights are to each class of membership.
When a business has a limited liability and its shares are not sold on the stock exchange what type of business is it?
You are describing a privately held LLC, or LLP
How do you sell an LLC?
Ebay or through specialized companies that transfer title of companies.
How many dodge challengers are the making in 2010?
As many as Chrysler LLC can sell
