Search for: "DECISION ONE MORTGAGE COMPANY, LLC"
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1 Apr 2013, 3:34 am
The Mizrahi decision makes no mention of the defendant Cohen’s personal guarantee of the LLC’s $4.4 million mortgage debt, which Justice Demarest cited as a factor in denying a buy-out remedy. [read post]
20 Mar 2019, 8:43 am
An LLC with one member is taxed as a disregarded entity. [read post]
21 Nov 2016, 3:20 am
It’s interesting to note that the Oldco operating agreement’s so-called “major decisions” provision required 65% member approval for “the merger of the LLC with another limited liability company. [read post]
24 Jul 2017, 3:41 am
The first was a May 2015 letter from the LLC’s managing member to petitioner, discussing a plan to renovate one of the property’s units. [read post]
22 Apr 2019, 3:46 am
In that case, the LLC’s accountant testified that the LLC’s monthly expenses exceeded by $12,000 its monthly revenues, and that but for one of the member’s loans to the LLC, the mortgaged property faced foreclosure. [read post]
5 Nov 2012, 2:00 am
” Although the Vella decision does not shed much light on the court’s rationale, it nonetheless leaves us with two lessons, one substantive and one procedural. [read post]
4 Oct 2022, 9:55 am
One issue that comes up is whether expulsion is warranted when a [read post]
19 Feb 2018, 3:22 am
One striking example is the LLC derivative cause of action. [read post]
7 Feb 2023, 12:09 pm
Oftentimes the LLC Operating Agreement will include a provision detailing how Members should come to a decision on whether to cancel the LLC. [read post]
7 Aug 2012, 3:15 pm
MDC 6, LLC, a Florida limited liability company; MEDALLION CONVENIENCE STORES, [read post]
6 Apr 2020, 12:41 am
” Even if the Company has become a member-managed LLC, which we are not deciding, the record contains no decision by more than 50% of the members to revive the Company before April 19, 2018. [read post]
20 Jan 2016, 7:41 am
”) Cranberry Fin., LLC v. [read post]
8 Sep 2015, 7:07 pm
These straw companies, in turn, deducted a small fee from the one-percent referral fee and kicked the remainder back to RMS. [read post]
15 Apr 2013, 3:40 am
This is an unusual story about an ultimately unsuccessful effort to dissolve a limited liability company (LLC) by someone who claimed to have acquired through judgment enforcement proceedings a debtor’s undocumented membership interest in the LLC. [read post]
16 Apr 2018, 3:46 am
That is just one lesson from a recent decision by Manhattan Commercial Division Justice Saliann Scarpulla in Pappas v 38-40 LLC, 2018 NY Slip Op 30329(U) [Sup Ct NY County Feb. 22, 2018]). [read post]
20 Apr 2020, 4:10 am
The two decisions examined below are different. [read post]
10 Dec 2018, 3:08 am
With one exception, Justice Schechter accepted none of them. [read post]
28 Jun 2010, 4:00 am
The appellate court also cited section 203(a)(iii) of the New York LLC Law which provides: One or more persons may act as an organizer or organizers to form a limited liability company by . . . [read post]
7 Feb 2011, 3:00 am
It, too, is a real estate development venture using an LLC owned 50% by one member and 25% each by the two opposing members. [read post]
29 Mar 2019, 9:18 am
Managing LLC Profit Distributions LLCs are formed usually for one reason: to make money. [read post]
