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  2. Non-compete clauses in the United States - Wikipedia

    en.wikipedia.org/wiki/Non-compete_clauses_in_the...

    There are limited situations where a reasonable non-compete agreement may be valid in California. Where the owner of a business is selling the entire business, or is selling the goodwill in the business, the seller may be bound by a non-compete clause. [20] When there is a dissolution or disassociation of a partnership. [21]

  3. Liquidation - Wikipedia

    en.wikipedia.org/wiki/Liquidation

    If a limited company’s liabilities outweigh its assets, or the company cannot pay its bills when they fall due, the company becomes insolvent. If the company is solvent , and the members have made a statutory declaration of solvency, the liquidation will proceed as a members' voluntary liquidation (MVL).

  4. Series LLC - Wikipedia

    en.wikipedia.org/wiki/Series_LLC

    A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.

  5. Uniform Limited Liability Company Act - Wikipedia

    en.wikipedia.org/wiki/Uniform_Limited_Liability...

    The Uniform Limited Liability Company Act (ULLCA), which includes a 2006 revision called the Revised Uniform Limited Liability Company Act, is a uniform act (similar to a model statute), proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of limited liability companies (often called LLCs) by U.S. states.

  6. Corporation - Wikipedia

    en.wikipedia.org/wiki/Corporation

    Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation, or for torts (involuntary harms) committed by the corporation against a third party (acts done by the controllers of the corporation).

  7. Judicial Dissolution of New York Limited Liability Companies

    www.aol.com/news/judicial-dissolution-york...

    Judicial Dissolution of New York Limited Liability Companies Updated October 16, 2018 at 2:48 PM New York Supreme Court, Commercial Division, at 60 Centre Street

  8. Dissolution (law) - Wikipedia

    en.wikipedia.org/wiki/Dissolution_(law)

    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.

  9. Limited liability - Wikipedia

    en.wikipedia.org/wiki/Limited_liability

    Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company, or joint venture. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets ...

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