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4 Dec 2023, 4:58 am by Peter Mahler
The main lesson for those both in RULLCA and non-RULLCA states — one familiar to readers of this blog — is the danger of letting LLC formation and operation get ahead of the LLC’s constitutive documentation to the point where the putative LLC co-members disagree whether they entered into a binding transaction or, at most, a non-binding agreement to agree. [read post]
10 Aug 2015, 3:28 am by Peter Mahler
These disputes notwithstanding, as Justice Ramos points out, from its inception the LLC was and remains profitable. [read post]
25 Jul 2011, 5:43 pm by Tomassi Law Associates
Sterns, who is not professionally involved in either case, points to two recent crashes that could attract similar treatment. [read post]
1 Jul 2021, 4:56 am by Charles Sartain
The point The Supreme Court of Texas has held that a POR is not taxable. [read post]
31 Jan 2020, 10:22 am
(“Simbo”) and M8 Realty, LLC (“M8”) entered into a written lease pursuant to which Simbo leased commercial real property to M8. [read post]
31 Jan 2020, 10:22 am
(“Simbo”) and M8 Realty, LLC (“M8”) entered into a written lease pursuant to which Simbo leased commercial real property to M8. [read post]
9 Dec 2019, 1:05 am by Peter Mahler
” Apparently the proposed buyout fell flat, at which point the Petitioner engaged counsel who began sending Respondent demands for the LLC’s financial documents and subsequently filed on Petitioner’s behalf a petition for judicial dissolution of WWB. [read post]
21 Apr 2007, 2:07 am
After the lease defaulted the Bank obtained a judgment against Blue Diamond and Boyajian, then sold the judgment to Stornawaye Capital LLC, which conducted judgment debtor exams and then resold the judgment to New Falls Corporation. [read post]
7 Apr 2022, 5:05 am by Charles Sartain
The result The plaintiffs argued that BlueStone Natural Resources II, LLC v. [read post]
5 Feb 2018, 3:31 am by Peter Mahler
The final three pages of Justice Scheinkman’s decision took a different tack, looking outside the confines of the purpose clause to arrive at the same conclusion, including the following points: LLC members are free to provide in the operating agreement specific events triggering dissolution, and may also do so indirectly by defining the LLC’s specific stated purpose “with management’s refusal to promote that purpose being a… [read post]
11 Nov 2019, 3:45 am by Peter Mahler
According to Rubin, Baumann blocked his efforts to obtain building access, leases, and other information necessary to market the building. [read post]
In 2010, Black Elk Energy Offshore Operations, LLC (“Black Elk”) owned and operated a production facility on the West Delta 32 Lease Block located in the Gulf of Mexico. [read post]
In 2010, Black Elk Energy Offshore Operations, LLC (“Black Elk”) owned and operated a production facility on the West Delta 32 Lease Block located in the Gulf of Mexico. [read post]
In 2010, Black Elk Energy Offshore Operations, LLC (“Black Elk”) owned and operated a production facility on the West Delta 32 Lease Block located in the Gulf of Mexico. [read post]