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LSDefine

Simple English definitions for legal terms

member

Read a random definition: avizandum

A quick definition of member:

A member is someone who owns a part of a company called a limited liability company (LLC). They have some control over the company, but they are not responsible for any debts or problems the company might have. Members can help run the company or just give money or property to become a member. When someone joins or leaves the company, it doesn't mean the company will stop existing.

A more thorough explanation:

A member is a person who has ownership in a limited liability company (LLC). This means they have a share in the company's profits and losses, but their liability is limited to the amount of their investment. Members have a say in how the company is run, but they are not personally responsible for any debts or legal issues the company may face.

For example, if John invests $10,000 in an LLC and becomes a member, he will receive a portion of the company's profits and losses. However, if the company is sued and owes $50,000, John's personal assets are not at risk beyond his initial investment.

Members can contribute to the company in different ways, such as providing professional services, cash, or property. They can also manage the company themselves or hire a professional team to do so. When a member joins or leaves the LLC, it does not affect the company's existence.

Within an organization, a member can also refer to any person who has rights and responsibilities. For example, a member of a sports team has the right to play in games and the responsibility to attend practices and follow team rules.

Megan's Law | Memorandum

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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