Posted on 12 September 2009
Tags: Articles of Organization, assets of the LLC, Business, Flow-through taxation, Limited Liability Company, LLC, shareholders, state's regulations
LLC is an abbreviation for Limited Liability Company. The owners of an LLC are not partners or shareholders due to the reason that it is not a partnership or a corporation, rather than that they are “members.” Frequently such type of companies are labeled as Limited Liability Corporations, but corporation is inaccurate and the proper name is company.
LLC is less Formal and more Flexible
Aspects of partnerships and corporations are combined in an LLC, so as compared to a typical corporation an LLC is less formal and more flexible, yet it offers protection as well as certain advantages that are much the same. For instance, for company debts the members cannot be found personally liable. Their own assets are separate from the assets of the LLC so they cannot be seized. Taxation is based on the partnership model and that is one of the advantages of an LLC. Flow-through taxation is advantageous as it requires that the members only have to pay taxes once instead of paying both corporate and individual taxes.
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Posted on 03 September 2009
Tags: Banks, brokerage, Collateral, Fannie Mae, firm, Foreclosure, freddie Mac, Goldman Sachs, government, JPMorgan Chase, loan, MBA, MCGEs, Mortgage, Mortgage Bankers Association, Mortgage Credit-Guarantor Entities, profit, Real Estate, regulator, restoring liquidity, secondary mortgage market, shareholders, trades
Until now, Fannie Mae and Freddie Mac have been able to defeat all kinds of predictions regarding their failure. They have come out of trouble every time, and have succeeded in building their image as an eternal formulation.
But it is about time that their eternity may be coming to a halt. The two mortgage giants, who were once sponsored by the government, which now controls it, could really be facing their ends. The MBA wants to split up Fannie Mae and Freddie Mac, and it is possible if a functioning mortgage market is maintained without them.
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Posted on 27 August 2009
Tags: appeal, assets, borrowers, central bank, conference call, court, depositors, disclosure, documents, emergency, Fed lawyer, financial crisis, financial institution, governors, Lending, loan, Manhattan, motion, New York, shareholders, the Fed, The Federal Reserve, U.S. economy
The Fed’s board of governors asked the Manhattan Chief U.S. District Judge, Loretta Preska, to delay the enforcement of her decision, which she took on 24th August about the identities of borrowers.
The decision required that the identities of borrowers in 11 lending programs must be made public by Aug. 31. Until the U.S. Court of Appeals in New York can hear the case, until the U.S. Court of Appeals in New York can hear the case, the central bank wants Preska to stay her order.
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