Search for: "New Majority Holdings, LLC"
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21 Nov 2016, 3:20 am
The Huang case involves a single-asset realty holding company that owns a mixed use property in Flushing, New York. [read post]
8 Jan 2018, 3:29 am
This is one of those relatively infrequent challenges to a cash-out merger involving New York-based Delaware corporations that gets litigated in a New York court rather than in Delaware Chancery Court. [read post]
8 Jun 2009, 4:30 am
PCM, a New York LLC co-owned 50-50 by Donovan and Cline, was the managing 20% member of a Florida LLC called Private Capital Group, LLC (PCG) that purchased, managed and sold non-performing mortgages. [read post]
13 Sep 2021, 2:00 pm
It may operate an active business or simply hold passive assets, like real estate or intellectual property. [read post]
2 Nov 2023, 12:59 pm
Do I Need a New LLC to Start a New Business? [read post]
2 Oct 2017, 3:33 am
Under the operating agreement, the “general business and affairs” of the LLC were manager managed, but the agreement also stated that “[m]ajor decisions other than with respect to day to day operations shall be made by a majority in number of the Members holding 70%” of the membership interests. [read post]
2 Oct 2017, 3:33 am
Under the operating agreement, the “general business and affairs” of the LLC were manager managed, but the agreement also stated that “[m]ajor decisions other than with respect to day to day operations shall be made by a majority in number of the Members holding 70%” of the membership interests. [read post]
24 May 2016, 10:24 am
In a multi-member LLC, only those who hold managerial positions are subject to this tax. [read post]
20 Jan 2023, 10:43 am
If the LLC allows a new member, whether by transfer of existing membership interests or by issuance of new membership interests, it is important to require new members to &l [read post]
3 Jun 2019, 3:27 am
A majority of the managers or just one? [read post]
29 Feb 2008, 12:13 pm
Feb. 14, 2008), a majority of the New York State Court of Appeals held, over a vigorous dissent, that New York law permitted members of a limited liability company (“LLC”) to bring derivative suit on the LLC’s behalf. [read post]
30 Apr 2012, 3:00 am
JG Club Holdings, LLC v. [read post]
14 Apr 2016, 10:43 am
Not only did the Court of Appeals in the Anderson case hold that the majority members owed the minority fiduciary duties under the circumstances, but also, a jury subsequently awarded the minority members damages. [read post]
9 Dec 2020, 7:27 am
It may operate an active business or simply hold passive assets, like real estate or intellectual property. [read post]
23 Apr 2013, 7:00 am
The Revised act now requires that the LLC indemnify and hold harmless its members and managers. [read post]
27 Aug 2018, 3:49 am
In Matter of D’Errico (Epic Gymnastics, LLC), Decision & Order, Index No. 610084/2016 [Sup Ct Nassau County Aug. 21, 2018], Justice Driscoll held that dissolution under section 702 was warranted where, after dissension arose, the majority members formed a new, similarly named entity to collect the subject LLC’s revenues and to dole them out to the subject LLC if, as, and when the majority members saw fit,… [read post]
13 Oct 2020, 7:45 am
It may operate an active business or simply hold passive assets, like real estate or intellectual property. [read post]
13 Jan 2020, 1:25 pm
It may operate an active business or simply hold passive assets, like real estate or intellectual property. [read post]
13 Oct 2019, 11:14 pm
The Operating Agreement Meregalli’s disputed capital contributions also were the key to the plaintiffs’ claim that he wrongfully refused to comply with their vote, as members allegedly holding a majority of the LLC membership interests, to remove him as managing member. [read post]
21 Jul 2011, 7:09 pm
One of the first decisions new business owners face is what type of entity they should use to form their new company. [read post]
