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4 Dec 2023, 9:46 am
It is essential for all members of an LLC to act in good faith, respecting the rights and interests of each stakeholder for the company’s success and fairness within the business structure. [read post]
13 Nov 2023, 4:07 am
Revenue Ruling 88-76 essentially dictated the original dissociation and dissolution provisions of LLC statutes, including New York’s, by requiring default rules that would cause the LLC to fail the test for continuity of life by mimicking dissociation and dissolution provisions for partnerships. [read post]
18 Jan 2018, 9:17 am
The reason so many get sued is because the man carrying the coffee who may not have been careful enough is broke and essentially judgement proof. [read post]
22 Oct 2018, 3:17 am
”) or does it refer to a member “exercising such management powers or responsibilities” as that phrase appears in subsection (b) (i)? [read post]
10 Feb 2017, 6:00 am
The husband had sole power to determine if distributions would be made and, if so, whether they would be pro-rata or not. [read post]
26 Apr 2018, 4:00 am
© 2018 by Jay Harrington / Harrington Communications LLC. [read post]
16 Jul 2019, 9:03 am
Parker, LLC can help you with the legal documents required for this essential piece of mind. [read post]
9 Apr 2009, 5:15 pm
Innovation Ventures, LLC v. [read post]
30 Jan 2016, 6:23 am
Courts will look at the overall fairness in terms of bargaining power and a variety of other factors when deciding on the issue. [read post]
16 May 2023, 6:55 am
The minority member in Manere sought a court order dissolving the LLC under the Connecticut Uniform Limited Liability Act, which comes essentially verbatim from the Revised Uniform Limited Liability Company Act of 2006, last amended in 2013. [read post]
1 Mar 2018, 10:02 am
” Essentially, this means that a judge has the power to review a jury’s award amount for reasonableness. [read post]
13 Aug 2015, 1:32 am
Aztec Partners LLC, 2015 Ind. [read post]
8 Jun 2020, 3:50 am
The Summary Judgment Decision Ruling on the dueling motions for summary judgment, Justice Bannon issued three essential legal rulings. [read post]
1 Oct 2012, 2:00 am
Equally powerful voices argue the other side of the issue. [read post]
19 Oct 2020, 4:19 am
Five years ago, we wrote about an important decision from the Delaware Chancery Court, In re Carlisle Etcetera, LLC, 114 A3d 592 [2015], in which a court recognized for the first time the existence under Delaware law of a viable cause of action for “equitable dissolution” of an LLC based upon the court’s equity powers, notwithstanding the existence of a statute explicitly setting forth the grounds for judicial dissolution. [read post]
18 Jan 2021, 2:11 am
In that case, the court construed the Revised Limited Partnership Act’s dissenting-partner provision, which essentially is identical to LLC Law § 1005 (g), as precluding a cashed-out limited partner from challenging a merger on grounds of fraud or other illegality. [read post]
24 Apr 2018, 4:19 pm
Today’s decision [PDF] in Oil States Energy Services, LLC v. [read post]
18 Nov 2019, 3:47 am
The surviving members’ enhanced bargaining power stems in part from the default rules found in most LLC statutes. [read post]
2 Mar 2012, 1:15 pm
Powerful Productivity for Lawyers: The Eight Essentials of Optimizing Your Time, Revenue, and Peace of Mind Small Law Firm Luncheon Thursday, March 8, 2012 12:30 pm-2:00 pm Registration: NYC Bar Member Price : $35.00 Register Non City Bar Member Price : $50.00 Register The most successful attorneys understand the imperative of strong time management. [read post]
7 Nov 2010, 5:46 am
Sept. 2, 2010)(referring to Chancery's "general equity powers" as a basis to have a receiver appointed for an LLC) Conclusion In addition to the foregoing reasons, the Court concluded the justification for its holding by noting that the result "fulfills the contractarian spirit" of the LLC Act. [read post]
