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25 Jul 2011, 1:18 pm
If a person does not act reasonably, he/she can be liable for damages associated with his/her breach of that duty. [read post]
4 Nov 2018, 12:42 pm by J. Ross Pepper
It is critical to understand that “fair value” is not the same as “fair market value,” and it can be assumed that, even though the Act does not define “fair value,” its use of “fair value” instead of “fair market value” was intentional. [read post]
15 Nov 2022, 9:24 am by J. Ross Pepper
If the contract itself does not indicate that the LLC is a party and the member signs his or her name without any indication that the member is signing on behalf of the LLC, the member may face a credible contention that he or she is personally liable. [read post]
6 Dec 2019, 1:09 pm by IncNow
Unlike most other countries, the United States does not have a nationwide incorporation system, there is no United States corporation or LLC. [read post]
10 Dec 2018, 3:08 am by Peter Mahler
The LLC contends that the clause’s authorization to engage in transactions involving “other real property” does not authorize the defendants to use UES Building sale proceeds to acquire the hotel property in the name of a different entity, absent the (missing) unanimous consent of the members. [read post]
26 Apr 2024, 12:15 am
   Not only does this conflate corporations and LLCs, it fails to recognize that LLCs are not required to observe the formalities required by corporations. [read post]
25 Apr 2014, 5:36 am by DMLP Staff
District Court for the Central District of California against Gawker Media, LLC, Gawker Media Group, Inc., and Gawker Entertainment, LLC (collectively, "Gawker") and Does 1-10, asserting the following claims: Copyright Infringement [17 U.S.C. [read post]
25 Apr 2014, 5:36 am by DMLP Staff
District Court for the Central District of California against Gawker Media, LLC, Gawker Media Group, Inc., and Gawker Entertainment, LLC (collectively, "Gawker") and Does 1-10, asserting the following claims: Copyright Infringement [17 U.S.C. [read post]