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6 Sep 2011, 4:43 am
Finally, it’s worth concluding the same way I did in my earlier post on this case by contrasting the clear and predictable approach in the Delaware courts with the chaotic and unprincipled case law on LLCs in the supposedly commercially sophisticated New York, which I’ve discussed in several posts, as noted here. [read post]
26 Feb 2018, 3:49 am
The two defendant members, holding a majority interest in the LLC, accused the plaintiff member of misappropriating rents. [read post]
28 Apr 2008, 4:30 am
Niche Media Holdings, LLC (read decision here). [read post]
8 Aug 2016, 3:25 am
Expulsion can occur in one of two ways. [read post]
24 Oct 2014, 2:00 am
In an LLC, each owner holds a “membership” interest, often described as “units” or “percentages” that define their individual ownership, much in the way that a corporation is owned by shares of stock. [read post]
19 Nov 2018, 3:46 am
” Justice Knipel concluded: The plaintiff has established, by way of [the LLC’s] federal and state tax returns, that he was a one-third owner of all the membership interests in [the LLC]. [read post]
18 Aug 2010, 6:00 am
In other words, LLCs are not flocking to Delaware just because it enforces contracts, but because of the way it enforces contracts. [read post]
10 Oct 2014, 7:13 am
More often than not, in my experience, ownership in LLCs is set forth in a table attached to the operating agreement that is updated as ownership changes. [read post]
7 Jun 2023, 7:29 am
MORE: What Is an LLC and How Can It Protect My Business What Is a Corporation? [read post]
13 Oct 2021, 12:00 am
But LLCs are not only great to operate a business, they are also great to hold assets to limit liability. [read post]
13 Oct 2021, 12:00 am
But LLCs are not only great to operate a business, they are also great to hold assets to limit liability. [read post]
30 Jan 2017, 3:34 am
Based on what I see in my own practice plus the many LLC cases I follow and write about, all I can say is that there are loads of multi-member LLCs out there with no operating agreement just as there are loads of multi-shareholder close corporations with no shareholder agreement. [read post]
13 Apr 2018, 3:52 pm
There are many old deeds that have CP ownership so check your deed as, in my opinion, this can be the worst way to own property. [read post]
13 Apr 2018, 3:52 pm
There are many old deeds that have CP ownership so check your deed as, in my opinion, this can be the worst way to own property. [read post]
13 Apr 2018, 3:52 pm
There are many old deeds that have CP ownership so check your deed as, in my opinion, this can be the worst way to own property. [read post]
11 Aug 2014, 3:32 am
Budis involved a family-owned real estate holding company organized as an LLC owned equally by three siblings, each of whom was designated in the operating agreement as a manager. [read post]
18 Nov 2019, 3:47 am
From my perusal of the record in Sternlicht, it appears that all the individual members of the LLC are elderly. [read post]
23 May 2011, 2:58 pm
Tomassi Law Associates, LLC www.attorney-ri.com 1-888-RI-LAWLINEBy JANET COLLITONGuest Columnist About a year ago while chaperoning my daughter in a trip to Hershey Park, I had a mock serious discussion with a parent of one of her friends who holds a management position with a Philadelphia hospital. [read post]
21 Jul 2016, 1:53 pm
I’ve come up with two good ways to purchase Bitcoin within the LLC without paying outrageous fees. [read post]
27 Sep 2010, 1:38 pm
On the subject of LLC veil piercing, see my article Abolishing LLC Veil Piercing, which argues that: Courts are now routinely applying the corporate law doctrine of veil piercing to limited liability companies. [read post]
