Figuring out how to pay yourself when you've organized a limited liability company can be confusing. The way you take profits out of an LLC depends on the tax election the company made with the IRS.

Robert F. Alexander was sentenced by the U.S. District Court for the District of Arizona in 2006 to a 96-month sentence for running what is known as a high-yield interest program, a form of Ponzi ...

Shareholders in a corporation share many qualities with the members of a limited liability company. Each group controls ownership shares in their respective companies. As owners, both LLC members and ...

There are not many published California Court of Appeal opinions providing guidance for LLC managers and members. That’s why it’s an “LLC Jungle” out there. While unpublished opinions are not binding ...

A charging order is a device used by a judgment creditor to collect on a judgment against an LLC member. The charging order imposes a lien on the judgment debtor’s economic (or “transferable”) ...

In Miller v. Black Diamond Capital Management (In re Bayou Steel BD Holdings), Adv. Pro. No. 21-51013 (KBO), 2022 WL 3079861 (Bankr. D. Del. Aug. 3, 2022), U.S. Bankruptcy Judge Karen B. Owens held ...