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- W1574363277 abstract "The earliest LLC Acts, reflecting their origin in partnership law, typically provided that members would vote and participate in the proceeds of the venture on a per capita basis. Under these formulae, there existed little opportunity for disputes as to the allocation of voting authority and economic rights; count the total number of members to derive the total number of possible votes and shares. In the case of voting, while there could still exist disputes as to quorum requirements, whether any majority or other vote at a threshold lower than unanimous would be by a constitutional majority or a majority of a quorum and whether voting by proxy was permissible, it was relatively easy from there to determinewhether the necessary voting threshold had been satisfied. In the same way, count the total number of members (for now let’s ignore the complexity of a partial assignee), divide the items requiring allocation by that number and proceed to prepare the Forms K-1." @default.
- W1574363277 created "2016-06-24" @default.
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- W1574363277 date "2014-04-22" @default.
- W1574363277 modified "2023-09-25" @default.
- W1574363277 title "Allocating Voting and Economic Rights in LLCs: An Invitation to Confusion (Part II)" @default.
- W1574363277 hasPublicationYear "2014" @default.
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