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6 Sep 2011, 4:43 am
Filed under: limited liability companies, litigation, LLCs, uncorporations, Unincorporated business entities [read post]
2 Dec 2019, 1:11 am
LLCs, on the other hand, usually can be formed for any type of business. [read post]
20 Jan 2019, 8:36 am
On the other hand, if you are concerned that you don’t have a defense, you may opt to settle or file bankruptcy. [read post]
30 Jan 2023, 4:52 am
“On the other hand,” wrote Justice Masley, “MacArthur cites to Landes v Provident Realty Partners II, L.P. (2017 NY Slip Op 30196(U) [Sup Ct, NY County 2017), and Kalikow v Shalik (43 Misc 3d 817 [Sup Ct, Nassau County 2014]), for the proposition that a non-managing member owes no fiduciary duty to the LLC or the managing member unless the non-managing member participates in the management of the LLC. [read post]
22 May 2017, 3:28 am
The section goes a step further, providing that an LLC member “is bound by the limited liability company agreement whether or not the member or manager or assignee executes the limited liability company agreement. [read post]
22 May 2017, 3:28 am
The section goes a step further, providing that an LLC member “is bound by the limited liability company agreement whether or not the member or manager or assignee executes the limited liability company agreement. [read post]
8 Aug 2016, 3:25 am
On the one hand, expulsion can be viewed as a necessary measure to preserve the LLC as a going concern when faced with persistent misconduct or failure to perform by one of its members. [read post]
11 Jun 2008, 8:31 pm
On the other hand, the Court noted that Florida's LLC Act states that a member ceases to be a member upon the assignment of his LLC interest (a charging lien is an assignment), and if a single-member LLC assigns all of its membership interest to the creditor the LLC is left without a member with authority to take necessary management actions on behalf of the LLC. [read post]
4 May 2020, 12:16 am
” The Operating Agreement Shatz involves a dispute between co-members of a New York limited liability company called Vast Ventures VI LLC. [read post]
3 Aug 2022, 3:36 pm
On August 2, 2022, the Supreme Court of New Jersey handed down a key ruling that significantly impacts how companies across the state should classify workers as independent contractors. [read post]
8 Jun 2009, 4:30 am
Fried addresses issues of interest concerning (a) the standing of an assignee of a member's economic interest to seek judicial dissolution of an LLC, and (b) grounds for dissolution of a two-member, 50-50 LLC that functioned as a holding company for a non-managing minority interest in another company. [read post]
26 Feb 2018, 3:49 am
Unlike the LLC statutes in many other states, New York’s LLC Law does not authorize the LLC or any of its members to seek judicial expulsion of another member, no matter how egregious the member’s behavior. [read post]
6 Mar 2017, 11:58 am
One business entity was sued in this Indiana litigation, Gum Dinger Slingers, LLC d/b/a Foxhole Pub at Norwood Golf Course of Warren, Indiana. [read post]
28 Jun 2021, 3:10 am
That, plus the fact that realty holding companies these days overwhelmingly are organized as LLCs, plus the fact that the New York metro area has one of the largest and most active real estate development markets in the country, may explain the frequency of lawsuits in the courts of New York brought by non-managing members against managing members of realty holding LLCs involving allegations of conflict of interest and self-dealing. [read post]
4 Sep 2015, 10:00 am
In manager-managed LLCs, on the other hand, management responsibilities are delegated to individuals who may or may not be members of the LLC. [read post]
4 Sep 2015, 10:00 am
In manager-managed LLCs, on the other hand, management responsibilities are delegated to individuals who may or may not be members of the LLC. [read post]
17 Feb 2024, 4:01 pm
appeared first on Watson & Associates LLC Government Contracts Blog. [read post]
7 Apr 2014, 3:51 am
The majority members then brought suit in the company’s name against Wieser accusing him of misuse of his company credit card, abandoning his job responsibilities, and sabotaging company equipment. [read post]
18 Jan 2021, 2:11 am
Background The case involves a company called LMEG Wireless LLC formed in 2003 to refurbish and sell aftermarket cell phone accessories. [read post]
10 Apr 2017, 10:23 am
The main disadvantage is that management decisions are within the discretion of a third party rather than in the hands of the members or managers. [read post]
