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28 Apr 2015, 8:51 am by Marc Soss
  The agreement further provided that his voting rights would expire upon his death or withdrawal from the LLC. [read post]
12 Jul 2010, 8:15 am
The member being sued, however, has to pay his pro rata share for both the LLC’s lawyer and his own lawyer, even if the member prevails at trial. [read post]
21 Feb 2012, 7:13 pm
A recent case upheld a verdict again the manager of an LLC for breaching his fiduciary duty to minority shareholders. [read post]
16 May 2011, 1:43 pm
Lifestyle Design Group customers may have also suffered losses in other non-conventional investments, including Retirement Value, LLC and American Pegasus. [read post]
23 Apr 2012, 2:53 pm by admin
LLCs can establish committees with responsibilities designated by the Board of Managers, Officers with special titles, such as President, Vice President and others. [read post]
11 Aug 2011, 5:57 am by Larry Ribstein
We got our first LLC opinion from Chancellor Strine in his new position atop the Delaware Chancery Court. [read post]
7 May 2008, 9:25 am
The Chancellor flatly rejected that argument as an attack on the veto rights that were given in the LLC Agreement.The opinion also holds that a member's consultation with his designated managers on the LLC Board does not give Delaware jurisdiction over that member under the long arm statute's provisions that subject managers to jurisdiction in Delaware. [read post]
24 Sep 2018, 2:31 am by Peter Mahler
Patrick opposed the motion, denying that his claim was one based solely if at all on “oppression”; insisting that both LLCs were designed as passive holding companies intended to serve as an “estate planning tool to transfer real property between generations of the Yu family”; asserting that his siblings were pursuing a “personal vendetta” against him while enriching themselves at his expense; and arguing… [read post]
28 Feb 2019, 5:14 am by Kenan Farrell
” The agent is the person designated to receive legal papers in any future lawsuit involving your LLC. [read post]
11 Mar 2019, 9:30 am by Kenan Farrell
” The agent is the person designated to receive legal papers in any future lawsuit involving your LLC. [read post]
17 Jun 2019, 3:16 am by Peter Mahler
The agreement contained no provision designating his children as members upon Richard’s death. [read post]
17 Jan 2012, 7:03 am by D. Daxton White
Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it commenced an options business, engaged in options transactions and designated an individual as its Registered Options Principal (ROP) until his resignation from the firm. [read post]
2 Jun 2014, 6:31 pm
For example, you may want to designate a transfer-on-death beneficiary to your interest in the LLC. [read post]
3 Nov 2021, 1:21 pm by David Klein
An operating agreement is crucial for situations where a fellow member of an LLC is not pulling his or her weight, or has a different vision for the business going forward and the client wants to know the process for removing that member or dissolving the LLC. [read post]
26 Oct 2017, 2:59 pm by Wayne Silver
But who expected that an unsuspecting business would have to disgorge nine years of honestly earned payments because the customer paid with a check on his LLC? [read post]