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Dissolving a business is a natural part of a business entity's lifecycle. Many small business owners opt for a dissolution of their LLC when: Their business was always intended to be temporary.
LegalZoom was a nominee for the American Bar Association's 2005 Louis M. Brown Award. [18] In 2011, Business Insider ranked LegalZoom 27th on its list of the world's most valuable startups, [19] and in 2012, Fast Company ranked LegalZoom 26th on its list of the most innovative companies. [20]
Many jurisdictions—including Alabama, California, Kentucky, Maryland, New York, Pennsylvania, Tennessee, and Texas—levy a franchise tax or capital values tax on LLCs. In essence, this franchise or business privilege tax is the fee the LLC pays the state for the benefit of limited liability.
In law, dissolution is any of several legal events that terminate a legal entity or agreement such as a marriage, adoption, corporation, or union. Dissolution is the last stage of liquidation , the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are gone forever.
In early 2012, the project was appointed to the Financial Stability Board's advisory panel on a Legal Entity Identification for Financial Contracts. [ 10 ] In July 2015, OpenCorporates was a finalist in both the Business and Publisher categories at the Open Data Institute Awards. [ 11 ]
In the case of a merger, the surviving organization is the legal successor to the others in respect to liability. [1]In the case of dissolution without assigning a legal successor, the funds and assets of the dissolved entity may be granted to other entities.
Lee attended Servite High School in Anaheim, graduated with a B.A. in Economics/Business from UCLA, and received his J.D. from UCLA School of Law. [citation needed] In March 2001, Lee, along with Robert Shapiro, Brian P. Y. Liu, and Edward R. Hartman co-founded and launched Legalzoom.com, an online legal technology and services company. [5] [6] [7]
The Attorney General of the State of Maryland is the chief legal officer of the State of Maryland in the United States and is elected by the people every four years with no term limits. To run for the office a person must be a citizen of and qualified voter in Maryland and must have lived and practiced law in the state for at least ten years.
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