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To create such a statute, legislation must be passed that amends the state's general limited liability company (LLC) law. [23] Note that a business can operate as an L3C within a state that does not have an L3C statute by incorporating in a state that does have an L3C statute and filing as a foreign firm doing business. [22]
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
On September 10, 2014, the New Jersey Casino Control Commission approved MGM Resorts International's licensure to resume its 50 percent ownership stake in the partnership. [ 3 ] On August 1, 2016, MGM Resorts International completed the purchase of Boyd Gaming 's 50 percent in Marina District Development and The Borgata for $900 million. [ 4 ]
Create the LLC Once you’ve found where you want to set up the LLC and you’re eligible, it’s time to file the articles of incorporation with the state’s department of state.
1888 Studios is a proposed film and television studio planned to be built on a 70 acres (28 ha) site at Bergen Point in Bayonne, New Jersey. [1] [2] Its name is a nod to the year the movie camera was invented. [3] At 1.5M million gross square feet, reports say it will be the largest ground-up movie studio complex in North America. [4]
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