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An attempt was made in 2007 to sell the station to Radio Florida LLC for $400,000 with a stated intent to move the station from Putnam County and diplex the signal with WIYD. Shortly thereafter, another application was filed to transfer the license to Flagler County Broadcasting LLC, with James E Martin having a 70% controlling interest in the ...
The owners of the LLC, called members, are protected from some or all liability for acts and debts of the LLC, depending on state shield laws. In the United States, an S corporation is limited to 100 shareholders, [b] and all of them must be U.S. tax residents. [c] An LLC may have an unlimited number of members, and there is no citizenship ...
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There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
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