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  The Legislature also amended LLC Law § 701, which governs dissolution, to include a presumption of perpetual existence for LLCs.[5] New York LLC Law § 606 as amended, however, includes a subsection (b) that grandfathers LLCs formed prior to these amendments, meaning that former § 606 permitting as-of-right withdrawal continues to govern the withdrawal rights of members of LLCs formed before August 31, 1999, absent a contrary… [read post]
25 Aug 2014, 3:31 am by Peter Mahler
Whelan, in Flax v Shirian, 2014 NY Slip Op 51229(U) [Sup Ct, Suffolk County Aug. 15, 2014], the court mercifully decreed death for a hopelessly dysfunctional, multi-member real estate holding company identified by one side as 27th Street Associates, LLC, by the other side as 27th Street, LLC, and in the property deeds and records of the New York Department of State, as 27 Street LLC. [read post]
9 Sep 2012, 10:00 pm by Peter Mahler
Chiu, Index No. 21905/07 (Sup Ct Queens County Aug. 30, 2102) (read decision here), Queens County Supreme Court Justice Allan B. [read post]
24 Sep 2014, 7:21 am
Indianapolis, Indiana - An intellectual property attorney for J & J Sports Production, Inc. of Campbell, California ("J & J Sports") sued Minerva Soriano and Soriano's Mexican Restaurant, LLC, both d/b/a Soriano's Mexican Restaurant of Indianapolis, Indiana, in the Southern District of Indiana. [read post]
22 Oct 2012, 3:45 am by Peter Mahler
Three-member LLC’s sole asset is long-term commercial lease. 40% Member A buys out 60% Members B and C for $1.5 million. [read post]
16 Feb 2012, 12:08 pm by Gordon Smith
Holdings, LLC2012 WL 34442, at *13 (Del. [read post]
15 Oct 2012, 3:45 am by Peter Mahler
Capsag Harbor Management, LLC, 2012 NY Slip Op 32559(U) (Sup Ct NY County Oct. 3, 2012), the Bulova watchcase factory can also lay claim to a small legal legacy in the nascent field of limited liability company (LLC) mergers. [read post]