Firm plans plant Aug 27, 2009
Within three years, AeroCity Wind Power (AWP), a limited liability company, will begin manufacturing vertical wind turbines in Columbia County. The deal was struck between the Columbia Economic Development Corporation (CEDC) and Aerocity, LLC as a business loan in exchange for establishing a manufacturing plant in Columbia County. (Hudson Register Star, NY)
Surprising results in teen study: adolescent risky behavior may signal mature brain Aug 26, 2009
Emory Healthcare includes: The Emory Clinic, Emory-Children's Center, Emory University Hospital, Emory University Hospital Midtown, Wesley Woods Center, Emory University Orthopaedics Hospital, the jointly owned Emory-Adventist Hospital, and EHCA, a limited liability company created with Hospital Corporation of America. EHCA includes two joint venture hospitals, Emory Eastside Medical Center and Emory Johns Creek Hospital. (EurekAlert!)
Oberthur Technologies is the First Smart Card Supplier to Obtain CUP (China Union Pay) Certification for its Shenzhen Manufacturing Center in China Aug 25, 2009
Oberthur Technologies S.A. is a limited liability company (societe anonyme) registered in France with its registered office at 50 quai Michelet 92 532 Levallois Perret, France. Oberthur Technologies S.A.'s corporate registration number is 340 709 534 R.C.S. Paris. (PR Newswire)
Curtain call for Carolina Theatre deal Aug 22, 2009
This week, initiated foreclosure proceedings on a first-floor office unit at 221 S. Tryon St. that is is owned by TBG Development, a limited liability company controlled by Donnelly. The building s first floor is currently occupied by Emerson Joseph, a men s grooming lounge co-founded by Donnelly. (Charlotte Business Journal, NC)
Woodbury Lakes mall falls into foreclosure Aug 21, 2009
Mary Senkus, a partner at Oppenheimer Wolff & Donnelly in Minneapolis who is representing the Delaware-based limited liability company that owns the mortgage, declined to comment. Officials at Cornerstone couldn t be reached for comment. (Twin Cities Business Journal, MN)
Merriman charged in alleged Ponzi scheme Aug 20, 2009
A separate civil complaint filed in April against Merriman by the alleged that, through a company called Market Street Advisors, he fraudulently sold interests in at least four limited liability companies. The SEC alleged that Merriman told people many of whom considered him a personal friend that he would invest their money at a return of 7 percent to 20 percent per year. (Denver Business Journal, CO)
Click to read:Mission Critical for Troops in Afghanistan Aug 19, 2009
Acutronic Accenture Ltd. ADT Security Services, Inc. Aerojet Aerospace Center Support Aerospace Corporation Aerovironment Advanced Integrated Systems Aivea Corporation Alliant Techsystems Allied Container Systems Allied-Signal Inc. AM General Corporation American Petroleum Institute Anteon International Corporation Applied Research Associates Inc. ARINC Argon ST AV-Optimal Defense Consultancy Service BAE Systems plc (U.S. subsidiary is BAE Systems Inc.) Ball Corporation Ball Aerospace &... (CBS News)
Nonprofit model makes sense for newspapers Aug 18, 2009
Additionally, Congress could speed the development of new forms of media organization, such as the low-profit limited liability (L3C) corporation. L3Cs are companies with low profits but high positive spillovers on their communities. (Atlanta Journal-Constitution -- Opinion)
Split decision ends partnership Aug 17, 2009
Rather, the company puts together groups of investors for each project, which is then established as an independent limited liability corporation. Access Medical then maintains and manages the developments. (Triangle Business Journal)
Rival banks battle over Mastro bankruptcy Aug 15, 2009
He also is involved in about 36 partnerships and limited liability companies, according to the filing. It s unclear whether all those properties are in Washington state. (Puget Sound Business Journal, WA)
Cincinnati lawyer claims Kenwood Towne Place partners drained cash Aug 15, 2009
First, a new legal filing claims Kenwood Towne Place investors took millions of dollars out of their limited liability company as it headed for insolvency last year. Secondly, online fishing records show Kenwood s managing partner, Matt Daniels, hasn t let mounting legal controversies keep him from enjoying his 58-foot yacht in Bermuda this summer. (Cincinnati Business Courier, OH)
Anger aimed at Upper Kittitas County well moratorium Aug 15, 2009
Jim Boyle wrote on Aug 14, 2009 4:12 PM:" It was to be expected that the majority of the people testifying at this meeting were against the moratorium. The development community had plenty of notice to fill the hall and sign up sheet. In the old days it was called salting the mine. The Commissioners have been bemoaning the problems of the folks that want to make money from development of their properties but I have not heard a word from them about the many other taxpayers that just want to have... (Ellensburg Daily Record, WA)
Mixed-use complex planned near Gateway Village Aug 15, 2009
He recently sold it to Sycamore I, a limited liability company he and Arciero control, for $130,000. Arciero declines to discuss the project but refers to it as somewhat of a public-private partnership. (Charlotte Business Journal, NC)
Forbes Energy Services Reports Second Quarter Financial Results Aug 15, 2009
22 Weighted average number of shares outstanding Basic 54,144,700 54,144,700 Diluted 56,914,700 56,914,700 (1) The pro forma earnings per share reflects the effects related to the Company's Bermuda reorganization from a limited liability company to a "C" corporation, this issuance of common stock in connection with Forbes' initial equity offering and an assumed effective tax rate of 37. See disclosures in the Company's 10-Q filing for additional information. (PR Newswire)
Preserve, Chapel Ridge sales on course if green can be found Aug 15, 2009
Bluegreen, a publicly traded company, did not identify the potential buyer in its most recent quarterly filing with the U.S. Securities and Exchange Commission, but articles of organization filed in July for three new limited liability corporations in North Carolina hint that Traditional Golf Properties of Toano, Va. is the interested buyer. (Triangle Business Journal)
WesternOne Equity Income Fund Announces Release of Q2 2009 Financial Results and Schedules Conference Call Aug 14, 2009
A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information, including, but not limited to, the following factors: reliance on key personnel, financial health of WesternOne Equity's subsidiaries and their related cash flows, failure to realize anticipated benefits of acquisitions, regulation, general economic conditions and levels of economic activity, current financial conditions, growth initiatives, competition, interest... (PR Newswire)
Entrepreneur hosts council, still seeks citys help Aug 13, 2009
Asked about the foreclosure, Gordon said it doesnt affect the business venture of his limited liability company, which has several investors. Thats something totally separate, he said. (The Herald-Mail Online)
Doctors' pleas a new wrinkle in Botox case Aug 12, 2009
Their guilty pleas in U.S. District Court took place three hours after an attorney for The Plastic Surgery Group, which is located on Washington Avenue and is one of the region's largest plastic surgery practices, entered a guilty plea to a related felony charge on behalf of their practice, a limited liability partnership. The case stems from a years-long criminal investigation by the U.S. Food and Drug Administration of an Arizona company that distributed thousands of doses of a Botox-like drug... (Albany Times Union)
Vanguard Natural Resources Announces Public Offering of Common Units Aug 12, 2009
HOUSTON, Aug. 11 /PRNewswire-FirstCall/ -- Vanguard Natural Resources, LLC (NYSE: ) ("Vanguard" or "Company") today announced that it has commenced a public offering of 3,500,000 common units representing limited liability company interests in the Company pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ... Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and... (PR Newswire)
Wareham buys Stanford complex for $63M Aug 11, 2009
According to IDT, the official seller was Hillview Avenue Realty, a limited liability corporation, and Wareham bought the real estate as BGR Associates. Most of San Rafael-based Wareham s 4 million square foot portfolio is located in the East Bay cities of Berkeley, Emeryville and Richmond with a tenant roster that includes Bayer Healthcare, Amyris Biotechnologies, Novartis/Chiron, the Dept. of Justice DNA Forensic Lab and Nanomix. (San Jose Business Journal, CA)
Former Hospice Care of Kansas executive buys out Serenity Home Health Aug 11, 2009
The two sold the company for cash and units in the limited liability company formed by Stamp and Hardin. The sale will allow Serenity to better compensate its employees, they say. (Wichita Business Journal, KS)
Barrington Reports Second Quarter Operating Results Aug 11, 2009
(4) Since Barrington is a limited liability company, federal taxes are passed through to its members and as such no provision has been made for federal income taxes ... (a) Since Barrington is a limited liability company, federal taxes are passed through to its members and as such no provision has been made for federal income taxes. (Yahoo! Wire -- Entertainment News)
Kenwood Towne Place hearing concludes Aug 8, 2009
The limited liability company that owns Kenwood Towne Place has asked that no receiver be appointed. They re trying to work out a settlement that brings the project to completion and satisfies lenders and contractors. (Cincinnati Business Courier, OH)
Hartford Financial takes back Meridian center Aug 7, 2009
In 2002, Cerberus real estate investment arm, , purchased the office park through a limited liability company called Charlotte Corporate Center Acquisition. The firm s loan with Hartford matured last June, after electronics manufacturer Solectron Technology Inc. vacated 400,000 square feet at Meridian at the end of 2007. (Charlotte Business Journal, NC)
Over 3,000 bankruptcies in Spain Aug 6, 2009
7 per cent of companies seeking protection from creditors registered as limited liability corporations and 64. 9 per cent having annual revenues of less than 2 million euros. (India Times)
Eagle Bulk Shipping Inc. Reports Second Quarter 2009 Results Aug 6, 2009
Separately, the Company announced that it has entered into an agreement with Delphin Shipping LLC, a newly formed Marshall Islands limited liability company affiliated with Kelso & Co., a private equity firm, and Eagle Bulk's Chief Executive Officer Sophocles Zoullas, who has agreed to serve as Delphin's non-executive chairman ... Commercial and strategic management of the fleet is carried out by a wholly-owned subsidiary of the Company, Eagle Shipping International (USA) LLC, a Marshall Islands... (Primezone Releases)
Legacy Reserves LP Announces Second Quarter 2009 Results Aug 6, 2009
Adjusted EBITDA and Distributable Cash Flow may not be comparable to a similarly titled measure of other publicly traded limited partnerships or limited liability companies because all companies may not calculate Adjusted EBITDA in the same manner. The following table presents a reconciliation of our consolidated net income (loss) to Adjusted EBITDA and Distributable Cash Flow. (Primezone Releases)
Central Pacific shares surge on NYSE Aug 6, 2009
HELPS registered with the state on July 6 as a domestic limited liability company. "The firm will capitalize on 40 years of public and private sector experience to offer directed services to individual landowners and organizations," according to a news release from the company. (Honolulu Advertiser)
Variance for new subdivision denied by supervisors Aug 6, 2009
Kruse said they should look into creating a limited liability company, or LLC, to purchase the whole tract of land. Then, cabin owners can buy stock in the company to show ownership of their particular cabin. (Keokuk Daily Gate City, IO)
FDIC Sets Toxic-Loan Portfolio for Market Test Aug 4, 2009
Under the plan, the FDIC and other investors would share control of a limited liability company that holds the assets. Investors could bid on a piece of the LLC under two scenarios. (American Banker)
Shelf companies lay traps for small-business owners Aug 3, 2009
The term "shell company" generally refers to a limited liability company and other business entity with no significant assets or ongoing business activities. The term "shelf company" refers to a shell company that is created and maintains little or no activity -- or put on the "shelf" to season. (The Augusta Chronicle)
FDIC Tests Toxic Assets Sale Program Aug 1, 2009
In the test transaction, a receivership will transfer a portfolio of residential mortgage loans to a limited liability company in exchange for an ownership interest in that entity, the agency said in a statement ... Accredited investors will be offered an equity interest in the limited liability company under two options. (ABC News -- Wire)
Photo Release -- Northrop Grumman Completes Structural Assembly of the First Euro Hawk(r) Unmanned Aircraft for Germany Aug 1, 2009
The limited liability company is based in Immenstaad, Germany. Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. (Primezone Releases)
How To Start A Business - 1 Year Ou... Jul 31, 2009
A how to start a business primer would be lacking if it didn't discuss the five basic business structures - sole proprietorship, partnership, limited liability company, corporation and non profit - as well as the drawbacks and benefits of each. Impact On Loved Ones And Quality of Life. (Suite101.com)
Limited liability partnership Jul 31, 2009
The LLP form is, doubtless, a conceptually sound one it offers the entrepreneur/professional community the twin benefits of limited liability and flexible internal structure. This model of business organisation can contribute greatly to economic growth. (India Times)
U.S.-Panama trade deal may test Obama goals Jul 31, 2009
Panamanian officials say the U.S. has its own corporate secrecy issues such as an opaque "limited liability corporation" that can be established under Delaware law and insist that the trade and tax issues should be kept separate. But political reality in Washington already has fused them. (USA Today -- Money)
FDIC plans to split assets of failed banks Jul 31, 2009
FDIC staff has referred to a good bank/bad bank model, described as the sale of the failing bank s better assets wrapped with loss-share coverage to another bank and the sale of the bad assets into a limited liability company, spokesman Andrew Gray said yesterday in an e-mail, adding the agency now plans to proceed with such sales. Potential bidders may be interested in higher risks in the failed lender s bad loans, while the agency auctions the remaining assets in combination with an agreement... (Boston Globe)
U.S. Eyes Private Security for Afghanistan Jul 27, 2009
Longbow Limited Liability Inc. ... Longbow Limited Liability Inc.. (CBS News -- World)
New law triggers fear for housing Jul 26, 2009
Opponents say the new law won't affect the sophisticated investors who buy homes through limited liability partnerships that protect their personal assets. Farley of the Arizona Realtors Association admits the broader impact of the legislation was a surprise. (AZCentral -- News)
REIT sells Elkridge business park for $10M Jul 25, 2009
4 million to Agency Properties LLC. Agency Holdings is a limited liability company formed by Agency Holding Co., an insurance provider which plans to relocate its 70-plus employees from 939 Elkridge Landing Road. Reader Comments. (Baltimore Business Journal, MD)
Problems escalate at Kenwood Towne Place Jul 24, 2009
The interviews came within a few weeks of when Kraft s attorney, Tom Yocum, requested an investigation of claims he made in a March 31 lawsuit against and other partners in the limited liability company that developed the Sycamore Township center. I personally sent to the sheriff and Prosecutors Office information that we have, Yocum said. (Cincinnati Business Courier, OH)
Small Business Strategies Jul 24, 2009
Instead, consider incorporating or becoming a limited liability company (LLC) or partnership (LLP). 4. (USA Today -- Money)
Smattering of lease deals continue Jul 24, 2009
The former headquarters of , a private commercial real estate lender that recently emerged from Chapter 11 bankruptcy, was sold to a Phoenix limited liability corporation for $1. 18 million. (Phoenix Business Journal, AZ)
Indian Springs award affirmed Jul 23, 2009
The Andersens' ownership interest began in 1996 and was complicated by a series of conveyances to trusts and limited liability companies involving the Andersens ... The Andersons, individually, and on behalf of two family trusts and a limited liability company, responded. (Pocatello Idaho State Journal, ID)
Universal Health Realty Income Trust Reports 2009 Second Quarter Financial Results Jul 23, 2009
02 per diluted share, consisting of the following related to certain unconsolidated limited liability companies ("LLCs"): (i) the effect of a favorable adjustment resulting from the change in estimate to the operating expenses of an LLC, partially offset by; (ii) the operating losses sustained during the second quarter of 2009 at an LLC that owns a newly constructed medical office building that was completed and opened in April of 2009 ... Universal Health Realty Income Trust Consolidated... (PR Newswire)
Kenwood Towne Place contractors push for payment Jul 23, 2009
The public relations campaign comes less than two weeks before the next scheduled court date in the s foreclosure case against the limited liability company in charge of the Sycamore Township project. The bank is seeking repayment of more than $81. (Cincinnati Business Courier, OH)
Business.view: All the news that's free to print Jul 22, 2009
She examines four options: establishing an endowment that could provide funds to support the paper s news department; charitable support for some aspects of the paper s coverage, such as foreign or cultural coverage; purchase of the paper by a university or other educational institution; and sale to an angel investor who would run the paper as a low-profit limited liability corporation. In an article on July 18th, called , Clark Hoyt, the public editor (ie, readers ombudsman) of the New York... (The Economist)
Recession is a great time to consider your heirs Jul 22, 2009
Many families choose to create a family limited partnership (FLP), similar to a limited liability corporation, in which parents can transfer shares of a business to family members, said Michael Coholan, principal of San Francisco-based. By creating these family limited partnerships, the parents are able to derive discounts of 20 to sometimes 40 percent of the value (of shares in their business) even in normal markets, he said. (San Francisco Business Times, CA)
ChinaEdu Corporation to Attend the CLSA Hong Kong/ China Access Day Conference Jul 21, 2009
ChinaEdu Corporation is an educational services provider in China, incorporated as an exempted limited liability company in the Cayman Islands. Established in 1999, the Company's primary business is to provide comprehensive services to the online degree programs of leading Chinese universities. (PR Newswire)
Roundtable discussion on timber trade procedures Jul 18, 2009
Companies that can export timber and timber products must be limited liability companies registered with the Register General's office and with the TIDD.. Mr Ibrahim Baba Ahmed, a Manager of TIDD in charge of Grading and Inspection, said Ghana started importating commercial timber products like pine poles, raw curls, sliced or rotary veneers, logs and sawn timber of various species for further processing in 1998 and is still on-going. (Ghana Web, Ghana)
Judge Puzzled at BofA's Stance in $58 Million Heller Suit Jul 17, 2009
Also, the bank argues its loans were secured with the nine partner corporations that made up the limited liability partnership. Regardless of the dispute over the bank's UCC filing regarding Heller Ehrman LLP, all the correct documents had been filed for the partner corporations, BofA's lawyers said in court Thursday. (Law.com)
The cowboy way Jul 16, 2009
The co-op, which is actually a limited liability company, was formed after Searle returned in 2002 from a World Congress on Rural Women and Rural Issues in Spain. It s modeled along the lines of European farm holiday programs. (Helena Independent Record, MT)
Judge OKs using cash to keep Bashas' shelves stocked Jul 16, 2009
That limited liability company was established just last week by its parent, Grace Development Co., specifically to deal with Bashas. "We have a 45 million facility that is there should we need to tap that for operations,'' McGrath said. "For a vendor, an employee or one of our customers, there's plenty of capital to continue uninterrupted. (Douglas Daily Dispatch, AZ)
Mesa / Phoenix Lawyers Help Business Owners Avoid the Risky Practice of Consolidated Business Operations Jul 16, 2009
"It is vital to segregate each business enterprise into a separate or limited liability company," says Gibson, who has practiced business law for more than 20 years ... "You may think that your business is protected because you made the prudent decision to operate it as a corporation or limited liability company, hold annual meetings, file appropriate documents with the corporation commission and maintain corporate formalities," says Gibson. (Yahoo News -- Press Releases)
Summit at Copper Square hit with a notice of foreclosure Jul 14, 2009
According to the notice of trustee sale, Wallach s company through the legal entity, The Summit at Copper Square LLC, received a $44 million construction loan from FNBN-RESCON I LLC, a Delaware limited liability company. The point person for FNBN listed on the trustee sale notice is Tom Hosier of Stearns Bank in Scottsdale. (Phoenix Business Journal, AZ)
Govt unfolds new bidding plan for NITEL Jul 14, 2009
"Transcorp also pledged to raise the revenue profile after injecting the initial capital. This it has clearly failed to do. It is elementary corporate finance that limited liability companies raise their long-term investment fund through issuing new equities or borrowing money from banks and other financial institutions.". Tools. (Guardian News, Nigeria)
Peak Fitness owner files Chapter 11 Jul 14, 2009
As part of the restructuring, will sell its Peak Fitness assets to , a limited liability company based in Nevada. Financial terms weren t disclosed. (Charlotte Business Journal, NC)
GM, Chrysler Bankruptcies Generate Liability Suits for Dealers, Suppliers Jul 12, 2009
The current state of the auto industry has no bearing whatsoever on Honeywells limited liability for cases involving automobile accidents, spokesman said. These cases are typically fully insured. (Bloomberg -- US)
In Yo Face Improv first troupe to register with state as LLC Jul 12, 2009
In Yo Face Improv has become the first local improvisational comedy troupe to register with the state as a limited liability corporation, a troupe spokesman said. "This change, we feel, will help legitimatize the industry and bring new interest to the entire improv scene," troupe member Scott Hanada said. (Honolulu Advertiser)
Fitness Management Group, Inc. Approves Sale of the Company Jul 12, 2009
As part of this restructuring, Fuzion Investment Capital LLC, a Nevada Limited Liability Company (the "Acquirer" or "Fuzion"), will acquire Peak Fitness assets under a section 363 sale of the U.S. Bankruptcy Code. Under new ownership, Peak Fitness Centers will continue on a far stronger and more competitive footing. (PR Newswire)
Debt deadlines loom for Novare Group Jul 11, 2009
SkyPoint LLC, the limited liability company linked to Novare-intowngroup, built the tower using a $64 ... Novare-intowngroup had purchased the land through its Tampa Ashley Block limited liability corporation in September 2006 for $7. (Tampa Bay Business Journal, FL)
Cle Elum solar park could be ready in 2011 Jul 11, 2009
Trott, of Kirkland, said the group of Puget Sound and East Coast private investors that make up the limited liability company have received support for the project from throughout the state and from business leaders in Kittitas County. He estimated permits would take six months and construction would be completed in 12 months with partial operation starting in fall 2011. (Ellensburg Daily Record, WA)
DynCorp, others win $375M FEMA contract Jul 11, 2009
PaTH is a limited liability corporation formed by Falls Church-based LLC, (NYSE: DCP) Fairfax-based Dewberry and California-based In a statement PaTh is described as providing " responsive, cost-effective temporary housing services and mass care solutions to disaster victims on behalf of the Department of Homeland Security1s FEMA". In 2008, PaTH assisted flood victims in Iowa with the provision of temporary shelter. (Washington Business Journal, DC)
Allen & Overy's Revenue Rises 7.7% on Credit Crisis Work, Overseas Offices Jul 11, 2009
Slaughter & May, the fifth Magic Circle firm, isnt required to report earnings because its a limited liability partnership. There was a flight to quality in that a lot of these firms benefited from the work that came out of the downturn, said , founder of Jomati Consultants LLP and the former managing partner of Clifford Chance. (Bloomberg -- UK)
Post-transplant combo can replace toxic immune-suppressing drugs in monkeys Jul 9, 2009
Emory Healthcare includes: The Emory Clinic, Emory-Children's Center, Emory University Hospital, Emory University Hospital Midtown, Wesley Woods Center, Emory University Orthopaedics Hospital, the jointly owned Emory-Adventist Hospital, and EHCA, a limited liability company created with Hospital Corporation of America. EHCA includes two joint venture hospitals, Emory Eastside Medical Center and Emory Johns Creek Hospital. (EurekAlert!)