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The Latest Breaking News from LLC

Can I convert my LLC to an S-corp when filing my tax return?

Converting your LLC to an S-corp when filing your tax return can be a complicated process, but it is possible. Find out how it can be done.

The Street

Court Lets First AI Libel Case Go Forward

Georgia Gwinnett County Superior Court Judge Tracie Cason's decision last week in Walters v. OpenAI, LLC simply says that it denies OpenAI's motion to dismiss, and (as is common in many state courts) doesn't offer a detailed explanation. But here's an excerpt from Walters' response to OpenAI's motion to dismiss;…

Reason

AIs could soon run businesses – it’s an opportunity to ensure these 'artificial persons' follow the law

Only “persons” can engage with the legal system – for example, by signing contracts or filing lawsuits. There are two main categories of persons: humans, termed “natural persons,” and creations of the law, termed “artificial persons.” These include corporations, nonprofit organizations and limited liability companies (LLCs).

The Conversation

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"Large Libel Model" Lawsuit Against OpenAI Headed Back to Georgia Court

OpenAI tried to remove Mark Walters' lawsuit to federal court, but has now withdrawn that attempt.

Reason

Judge Demands List of All Indirect Co-Owners of OpenAI, in Libel Lawsuit Against OpenAI

In Walters v. OpenAI, LLC, plaintiff sued OpenAI [link fixed] after it hallucinated false statements about plaintiff (in response to a query by a third party). Plaintiff sued in Georgia state court, and OpenAI removed the case to federal court, on the theory that this is a lawsuit between citizens…

Reason

Who Can Sue OpenAI in Federal Court, Under State Law Claims (Such as Libel)?

Civil cases arising under federal law are generally filed in federal court: copyright cases, federal employment discrimination cases, cases against government agencies alleging violations of the U.S. Constitution, and more. But civil cases arising under state law can also be filed in federal court, if they involve more than $75K…

Reason

IRS Self-Employment Tax Audits of LLC, LP Members Kiplinger Tax Letter

Some LLC and LP members who don’t pay SECA taxes are on the IRS’s radar.

Kiplinger

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One of the oldest still-running MMOs is shutting down for good after 27 years

"For now, this is goodbye"

GamesRadar

Understanding trusts: An important estate planning tool for everyday Americans

Estate planning attorneys love trusts. Here’s why you might, too.

Fortune

Why Did The PGA Tour Merge With The Public Investment Fund?

We look at the reasons why the PGA Tour and the Saudi PIF have now decided to operate together

Golf Monthly

Orlando Group Proposes $1.7B Stadium to Lure MLB Franchise

The group is hoping to attract the Tampa Bay Rays or an expansion franchise with these eye-catching design renderings.

Sports Illustrated

Intel 14th Gen Meteor Lake CPUs May Embrace An L4 Cache

New Linux patches imply that Intel's forthcoming 14th Generation Meteor Lake processors may sport an L4 cache.

Tom’s Hardware

Rotenberg v. Politico LLC Dismissed on Jurisdictional Grounds

More than a year and a half after the briefing on the motion to dismiss in this case was complete, a decision has arrived: Judge Tanya Chutkan has held that the federal court lacks jurisdiction, because both plaintiff and some of the indirect members of the LLC defendant are D.C.…

Reason

The ‘Buy Black’ movement in Dallas-Fort Worth is gaining momentum but still falls short

Yolanda Bledsoe and Deidra Keener were deliberate about who they hired to build out their DeSoto bakery, 2 Sisters Sweet Creations. They signed on Black contractors for a majority of the shop’s needs, from flooring, to establishing their LLC, to their uniforms.

Tribune News Service

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Chicago Sun-Times

Gov. Pritzker to serve second term with familiar faces — and will continue to personally pay senior staffers

The governor also will retain all of his deputy governors, including Christian Mitchell, Sol Flores, Martin Torres and Andy Manar — and his chief of staff, Anne Caprara.

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Grains of sand, detachable pockets, and genuine obliviousness.

Tribune News Service

Ads against Abbott, other Texas Republicans by shadowy group test campaign ethics law

AUSTIN, Texas — The third biggest spender in Texas elections this year is a shadowy group that has not disclosed any information to the state, and is testing the limits of campaign ethics law, experts said.

Tribune News Service

The future is now? South Carolina becomes blockchain testing ground with house bought as an NFT

COLUMBIA, South Carolina — History is purportedly being made in Columbia.

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USA Today Sports Media Group

Dana White-managed LLC looks to bring ‘Slap Fighting’ to Nevada; commission set to discuss designation

An LLC managed by UFC president Dana White and Lorenzo Fertitta is looking to bring a new combat sport to Nevada, per its commission.

Benzinga

EXCLUSIVE: Roofstock onChain Launches Real Estate NFT Marketplace Powered By Origin Protocol

Origin Protocol, a Web3 pioneer in NFTs and DeFi, has partnered with the online real estate investment platform Roofstock to bring blockchain innovation to the real estate industry.

The Texas Tribune

Mysterious group targeting Gov. Greg Abbott reserves $6 million in TV ads ahead of November election

The sudden TV spending by Coulda Been Worse LLC comes as Abbott battles for a third term against Democratic challenger Beto O’Rourke.

Benzinga

Have The Walmart Heirs Been Selling Their Shares? Here's How Much They Still Own

The heirs to one of the largest companies in the world maintain a large ownership in it. Here’s a look at the recent sales by Walmart Inc (NYSE: WMT) heirs and what ownership stake three of the richest people in the world have left in the company.

The Street

College Guide: Tax and Legal Matters Every Parent Should Know

Is your child headed to campus this fall? This two-part article covers some important legal and tax matters to keep in mind before moving day.

The Conversation

An online life coaching program for female physicians decreases burnout, increases self-compassion and cures impostor syndrome, according to a new study

The Research Brief is a short take about interesting academic work.

Benzinga

New to Real Estate Crowdfunding? Check Out These 3 Beginner Friendly Platforms (All For Non Accredited Investors)

Real estate crowdfunding sites let you invest in various types of real estate, some with minimums as low as $10.

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