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7 Jun 2024, 10:50 am by jeffreynewmanadmin
The Securities and Exchange Commission charged three persons with fraud for selling unregistered membership interests in LLCs that purported to invest in shares of pre-IPO companies, first on behalf of StraightPath Venture Partners LLC, the subject of the Commission’s emergency action in May 2022, and, later, on behalf of Legend Venture Partners LLC, the subject of the Commission’s emergency action in June 2023. [read post]
Fiduciary Duty Between Partners of an LLC As a joint venturer in an LLC, each partner owes the other one a fiduciary duty, even for a non-managing member, and one of the duties included is the duty to disclose material information. [read post]
3 Jun 2024, 4:31 am by Franklin C. McRoberts
The property was apparently owned and managed through several separate entities, including Maiden Lane Holding LLC, Maiden Lane Capital LLC, and Maiden Lane Development LLC. [read post]
2 Jun 2024, 9:01 pm by renholding
If new rules impact your operations or if recent enforcement actions highlight risk areas relevant to your business, it means evaluating whether you need to update your policies, procedures, and systems to stay apace and remain compliant. [read post]
30 May 2024, 5:11 am by Greg Lambert
So first up, we have Mathew Kerbis, out of Chicago, he’s the 2024 James Keane Award recipient, and founder of subscription attorney, LLC. [read post]
28 May 2024, 2:21 pm by Matthew Dochnal
All you need to do is amend the company’s private LLC Operating Agreement. [read post]
24 May 2024, 7:22 am by Stefana
If you want to start a limited liability company (LLC) based in the United States while living abroad — or have just done so — you probably have questions about how taxes work. [read post]
20 May 2024, 4:26 am by Becky (Hyun Jeong) Baek
” The three founding partners were Russell Diamond, Matthew Grodin and Bill Cline as limited partners, with Alcova Capital Management GP LLC (“ACMGP”) as general partner. [read post]
10 May 2024, 7:16 am by Peter S. Lubin and Patrick Austermuehle
Firstly, the Illinois Limited Liability Company Act (805 ILCS 180/15-3) specifies that a member of a manager-managed LLC does not owe a fiduciary duty to the LLC unless they are a manager under the terms of the operating agreement (Katris v. [read post]
9 May 2024, 2:00 pm by Joanna Herzik
We are a new surplus funds business wanting to operate in Galveston County. [read post]
7 May 2024, 7:35 am by The White Law Group
  Reverence Capital Partners reportedly purchased Advisor Group in 2019 for $2.3 billion. [read post]
3 May 2024, 7:00 am by Overhauser Law Offices, LLC
Pittman, identified as its General Partner, operating the Recovery Room Lounge in Indianapolis, Indiana. [read post]
2 May 2024, 5:59 am by Jonathan Rosenfeld
North Center Animal Hospital, A Thrive Pet Healthcare Partner Services: The hospital provides comprehensive veterinary services including routine preventive care, advanced diagnostics like ultrasound and endoscopy, and emergency services. [read post]
22 Apr 2024, 1:11 pm by Kevin LaCroix
Given the potential for the return of significant IPO activity, it is worth noting that IPO transactions entail certain risks, including in particular for the IPO companies’ private equity backers, as discussed in the following guest post written by Michelle Grimaldi, Assistant Vice President, Claims, Fair American Insurance and Reinsurance Company; Elan Kandel, Member, Bailey Cavalieri LLC; and James Talbert, Associate, Bailey Cavalieri LLC. [read post]