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7 Dec 2020, 4:59 am by Peter J. Sluka
Subsection (e) provides that if the plaintiff—the individual shareholder asserting the right of the corporation—is successful in recovering anything of value for the corporation, the court in its discretion may award reasonable expenses, including attorney’s fees, to be paid from the award to the corporation. [read post]
Applicable Louisiana Law The Louisiana corporation income tax is based on a corporation’s “Louisiana taxable income”[1], which is defined as “Louisiana net income, after adjustments, less the federal income tax deduction allowed by R.S. 47:287.85. [read post]
Ct. 2080 (2018), overruling the physical presence for commerce clause nexus upheld in Quill Corp. v. [read post]
24 Nov 2020, 4:05 am by Howard Friedman
Ct., filed 11/23/2020), alleges in part:The Attorney General brings this lawsuit to obtain remedial and injunctive relief for the persistent violation of New York nonprofit law by the Diocese of Buffalo .... [read post]
23 Nov 2020, 4:25 am by Peter Mahler
” Court Denies Summary Judgment Concerning Disputed 10% Membership Interest in Brooklyn Restaurant Galarza v Galarza, 2020 NY Slip Op 33801(U) [Sup Ct Kings County Nov. 6, 2020]. [read post]
22 Nov 2020, 9:31 am by Elie Maalouf
In Upjohn, the Internal Revenue Service (“IRS”) requested from Upjohn Company’s general counsel questionnaires sent to corporate employees by the general counsel.10 When Upjohn Company refused to produce the materials on the grounds of the attorney-client privilege, the IRS moved the court to compel the production of the questionnaires.11 Although the Court found that the questionnaires constituted privileged communications, it concluded that the facts contained… [read post]
18 Nov 2020, 4:05 am by Howard Friedman
Under New York law, court approval (or approval by the attorney General) is required for sale of assets of a non-profit educational corporation. [read post]
16 Nov 2020, 4:00 am by Franklin C. McRoberts
Rosado, Sebrow v Sebrow, 2020 NY Slip Op 20269 [Sup Ct, Bronx County Oct. 9, 2020], is a stark reminder to corporate shareholders, attorneys who plan their estates, and their prospective beneficiaries, to exercise due diligence before attempting to make, draft, or receive testamentary dispositions of corporate stock. [read post]
14 Nov 2020, 11:57 am by Russell Knight
Ct. 2008) It’s all in the discretion of the Illinois divorce court. [read post]
11 Nov 2020, 9:43 am by PaperStreet Web Design
Ct. 592 (2020), regarding the intersection of the securities laws and the Employee Retirement Income Security Act (ERISA). [read post]
10 Nov 2020, 2:01 am by Courtenay C. Brinckerhoff
Ct. 1514 (2017), the Supreme Court held that the “resides” prong of § 1400(b) refers only to a corporation’s state of incorporation. [read post]
2 Nov 2020, 4:41 am by Franklin C. McRoberts
RAS argued: The Court should not look to RLPA §§ 121-801 and 121-402 to find grounds for partner withdrawal and dissolution because the Limited Partnership Agreement’s provisions governing those subjects opted out of the statutes; A general partner may, as in the case of RAS, be a distinct legal entity from the limited partnership (for example, a partnership, joint venture, corporation, or limited liability company). [read post]
31 Oct 2020, 7:39 am by Russell Knight
Schedule D of the tax return will tell us more about these assets and their sale Line 17 Rental Real Estate, Royalties, Partnerships, S-Corporations, Trusts, Etc. [read post]