Entries by Imke Ratschko

Can I withdraw from an LLC?

Can I withdraw from a New York LLC? Clients are often confused when they see this provision in their operating agreement: A Member may not withdraw from the LLC prior to the dissolution and winding up of the LLC. Or this provision: A Member may withdraw from the Company in accordance with the New York […]

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Can I get out of that Contract?

You may have signed a contract for your small business that you really shouldn’t have.  Or you are being asked to perform under an agreement and think that such demand is not what you agreed to or just grossly unfair.   So you ask yourself, “can I get out of that contract?” What does your Contract […]

Subscription Agreement Automatic Renewal Clauses

Subscription agreement automatic renewal clauses seem to be all the rage because it ties your customer to your business and your services or goods.  Raise your hand if you have no more overview of who and what charges you automatically on a monthly basis.  Businesses have the chance for repeat income without much more input […]

Shareholders’ Rights to inspect the books and records of Corporation

I wrote before about getting access to the books and records of an LLC.  The same scenario can happen if you are a shareholder in a corporation.  The corporation cannot deny you access to its books and records. Access to Corporation’s Books and Records You ask the Corporation for financial information and other documents and […]

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Keeping Records for your LLC

This may come as a surprise to many LLC members and managers:  Keeping records for your LLC is required under the New York LLC laws.  You have an obligation to keep proper records under §1102 of the New York Limited Liability Company Laws. What Records must be kept in an LLC Specifically, you must maintain […]