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7 Nov 2010, 5:46 am
The Delaware Court of Chancery addressed whether a creditor had standing, based on the Delaware LLC Act, to pursue a derivative claim against an insolvent LLC, similar to a creditor's right to do so against an insolvent corporation. [read post]
29 Aug 2022, 2:16 pm
Will = no conflict = harmony: Then there are those cases where the decedent’s contractual obligations and the terms of his Will can be harmonized to work just fine with each other, which means both documents get enforced. [read post]
4 Sep 2012, 3:00 am
One important reason is the greater flexibility and informality afforded under the LLC laws in regard to the manner of decision-making by the LLC's members as compared with the corporation's board of directors. [read post]
19 Dec 2009, 10:14 am
This means all income and losses from the property would not need to be reported on a separate return, and the amounts can be directly entered on the owner’s personal income tax return. [read post]
16 Feb 2009, 4:00 am
Wolff, 10 NY3d 100 (2008), New York's highest court recognized the common law right of LLC members to bring a derivative action on the LLC's behalf. [read post]
8 Aug 2017, 10:31 am
The fact that these LLCs were managing members of the water park did not mean they could be held liable for the tortious conduct of the water park. [read post]
12 Apr 2021, 4:30 am
Moshan v PBM, LLC, 141 AD3d 496 [1st Dept 2016] [citations omitted]). [read post]
12 Aug 2010, 6:18 am
However, the owners do not have to give up the limited liability protection afforded to corporate owners, meaning LLC owners are similarly protected from being personally liable for most losses and debts of the business itself. [read post]
4 Jun 2020, 1:56 pm
To keep the explanation of an LLC simple, “limited liability” means that its owners, also known as members, will generally not be personally responsible for an LLC’s debts nor lawsuits. [read post]
23 Oct 2019, 7:04 am
As our clients know, it is the practice of Brilliant & Neiman LLC for the clients to speak directly to the attorney, rather than being forced to always speak to support staff. [read post]
21 Dec 2017, 3:28 pm
That’s not a good invention, it’s our latest Stupid Patent of the Month.U.S. [read post]
28 Jan 2014, 2:24 am
Modestino’s declaration dealt, in part, with a narrower term “receiving a data stream,” the declaration makes clear that a person of ordinary skill would understand that a data stream as disclosed in the written description of the ’747 patent means a data stream received from an external source. [read post]
8 Apr 2011, 5:32 am
MonaVie, LLC v. [read post]
24 Sep 2015, 11:35 am
The outcomeFPUSA, LLC, appeals from an order of the districtcourt granting M-I LLC’s motion for a preliminary injunction.The district court enjoined FPUSA from promoting,selling, or renting a system for recovering drilling fluidthat infringes claims 1 and/or 16 of M-I’s patent. [read post]
9 Nov 2020, 3:00 am
Stock Buybacks: Guidance for Your Repurchase Program The SEC’s recent enforcement action against Andeavor LLC arising out of internal control lapses relating to the company’s stock repurchase plan has caused many companies to take a hard look at the mechanics of their own plans. [read post]
14 Dec 2021, 1:53 pm
This means LLC owners are typically not liable for debts incurred by the LLC business—meaning personal assets like personal bank accounts cannot be collected. [read post]
4 Jan 2007, 8:43 am
What does that mean in practical terms? [read post]
27 Sep 2023, 11:39 am
See, e.g., Sequoia Tech., LLC v. [read post]
5 Nov 2023, 2:11 pm
Cytonome/ST, LLC, No. 22-1761 (Fed. [read post]
14 Apr 2024, 2:02 pm
The post Is Joint Ownership An Effective Means Of Avoiding Probate? [read post]
