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11:38 Jul 20, 2000
Spanish to English translations [PRO] Law/Patents
Spanish term or phrase:socio mayoritario
I need to know any possible translation for the term "socio mayoritario" in relation to the LLC organized in California.-
Besides, I need to know how the capital of this kind of company is divided according to U.S. law.
Explanation: is the correct term in English, for LLCs (limited-liability corporations) as well as in more general discussions of the ownership of a corporation's shares. -- The office of the California Secretary of State should have ample information on the subject, especially because LLCs are becoming much more popular as a way of organizing (small) businesses. -- Hope this helps!
Heathcliff United States Local time: 05:40 Native speaker of: English PRO pts in pair: 843
Explanation: This should tell you just about everything...
LIMITED LIABILITY COMPANIES by Esther Z. Hirsh
(Esther Z. Hirsh is an attorney in private practice in Berkeley, California. She was formerly a partner in the law firm of Long & Levit in San Francisco. Ms. Hirsh received her J.D. degree from the University of San Francisco School of Law. She was admitted to the California Bar in 1981.)
§ 16:1 Definitions
§ 16:2 Overview of Beverly-Killea Limited Liability Company Act
§ 16:3 Tax advantages of LLCs; distinctions between LLC and S and C corporations
§ 16:4 Nontax-related advantages of LLC
§ 16:5 Disadvantages of LLCs
§ 16:6 Factors in determining when LLC is preferred business entity
§ 16:7 Factors in determining when LLC is not preferred business entity
§ 16:8 California LLCs compared to those of other states
§ 16:9 Merger and dissolution
§ 16:10 Securities issues
§ 16:11 Duties and liabilities of members and managers
§ 16:12 Application of alter ego doctrine to LLCs
and, straight from the source:
California Office of the Secretary of State
Limited Liability Company Unit
P.O. Box 944228
Sacramento, CA 94244-2280