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Similarly, when issued in physical rather than electronic form, a document evidencing ownership rights in an LLC is called a "membership certificate" rather than a "stock certificate". [7] In the absence of express statutory guidance, most American courts have held that LLC members are subject to the same common law alter ego piercing theories ...
With an LLC, one member leaving can require a complete business restructuring. S corporation. An S corporation is a special form of corporation designed for smaller companies. They can only have a ...
The limited liability limited partnership ( LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law. An LLLP is a limited partnership, and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more ...
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities ...
The Depository Trust & Clearing Corporation ( DTCC) is an American financial market infrastructure company that provides clearing, settlement and trade reporting services to financial market participants. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central ...
Good standing. A person or organization in good standing is regarded as having no financial obligations. [1] [2] A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors. [3] Similarly, a person who is in good standing within an organization or educational institution may ...
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