What are the pros/cons of amending a PA (manager-managed) LLC Operating Agreement when adding a new Member?

The Operating Agreement is the contract between the owners of the company which spells out things such as decision making authority and division of...

Can a seller decide he doesn't want to sell and just return the down money?

The claim to enforce the Agreement is Specific Performance. Contracts are generally more difficult to enforce than they are to break. You will...

Hello, I'm getting conflicting information on how to add a full partner to an NJ LLC.

As far as running the day to day operations of an LLC there are two types of LLC's. Member managed and manager managed. If the LLC is run by its...

Commercial lease exit

From the facts given, you are not liable personally. If the LLC is still liable on the lease, and the Landlord is currently occupying the...

Can A seller withdrawal closing cost after contract is signed?

This is why it is cheaper to hire an attorney. An attorney would have put in a contingent provision that provided the buyer does not qualify for a...

The Driver License Compact (DLC) is an interstate compact used by 46 member states, including Pennsylvania and New Jersey to exchange information...

The right of publicity, often called personality rights, is the right of an individual to control the commercial use of his or her name, image,...

Can I sue websites and bookstores selling books I wrote and published but lost in a storage unit?

As to the copying of the material and selling it, - Yes, this is copyright infringement.

You need to have each withdrawing member sign an Agreement as to Withdrawal of Member, which will document your new sole ownership of the LLC. ...

Form LLC or Corp? Florida or Delaware?

You should consider Pennsylvania - and most likely as an LLC. The Legal Advantage of an LLC: Limited Liability… Limited liability...