Search for: "The Management Company, LLC"
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22 Oct 2018, 3:17 am
The Decision First impression or not, Justice Ostrager came down squarely on the side of imposing fiduciary duties on LLC members of member-managed LLCs under § 401 (b) (ii), without regard to the degree of their active participation in managing the LLC’s affairs – so squarely that he deleted subsection (b) (i) from his quotation of § 401 (b) in the following passage: New York’s Limited Liability Company Law, §… [read post]
5 Aug 2020, 2:32 pm
After the salesmen created these “Agent Funds,” Vagnozzi managed them through his company, ABFP Management Company, LLC. [read post]
28 Jun 2021, 3:10 am
Managing members of manager-managed New York LLCs owe default fiduciary duties of loyalty and care to non-managing members. [read post]
11 Apr 2023, 11:29 am
This includes managing capital contributions and distributions in your newly formed company. [read post]
2 Aug 2023, 7:08 am
In addition, a holding company needs to be well managed in order to maintain its legal protections. [read post]
15 Jul 2013, 6:51 pm
However RULLCA provides that LLCs are member-managed unless the articles of organization and a written operating agreement state that the LLC will be manager-managed. [read post]
30 Apr 2012, 6:42 am
This may come as a surprise to many LLC members and managers: keeping certain records is required under the LLC laws. [read post]
9 Dec 2020, 7:27 am
Many companies are LLCs. [read post]
13 Jan 2020, 1:25 pm
Many companies are LLCs. [read post]
5 Jun 2022, 4:00 pm
When can a member, manager, director, or officer of a Tennessee limited liability company (“LLC”) expect the LLC to pay attorney’s fees when the member, manager, director, or officer becomes a defendant in a lawsuit or arbitration proceeding? [read post]
26 Sep 2022, 6:00 am
May 26, 2022) This decision arises out of control disputes involving the portfolio companies of the entity Zohar III – here, the limited liability company Stila Styles LLC. [read post]
13 Oct 2020, 7:45 am
Many companies are LLCs. [read post]
23 Feb 2024, 1:54 pm
The Illinois Limited Liability Company Act also provides that an LLC member-manager owes fiduciary duties not only to the LLC but also to the other members. [read post]
24 Jan 2022, 2:46 am
Despite its name, Triboss has one boss: the Operating Agreement names McCormack as the sole Managing Member, providing him with exclusive authority to manage the company’s affairs, enter contracts, hire employees, and—notably here—sell or dispose of the LLC’s sole asset. [read post]
28 Apr 2009, 2:38 pm
Apr. 20, 2008), provides important guidance regarding whether and to what extent managers and members of a limited liability company (“LLC”) organized in Delaware owe duties to the LLC and its members. [read post]
13 Mar 2015, 9:01 am
<> AmerGen Energy Company, LLC v. [read post]
13 Jan 2023, 10:00 am
A limited liability company (LLC) is a type of business entity. [read post]
26 Sep 2022, 12:15 am
California's Limited Liability Company Act provides that when an LLC is a manager-managed limited liability company, as defined in Corp. [read post]
4 May 2020, 12:16 am
The LLC being manager-managed, as one would expect it included the following provision granting the managing member plenary powers: The Managing Member shall have sole and exclusive control of the management of the LLC and shall manage the LLC exclusively in its capacity as a Member. [read post]
28 Sep 2021, 6:00 am
Two LLC managers were accused of breaching their contractual and fiduciary duties and of fraudulently inducing the plaintiff, Stone & Paper, to invest $3.5 million in the company, Clovis Holdings, in connection with a series of self-dealing transactions wherein the managers paid themselves large sums of money in the form of salary and purported “loans” without receiving the required approvals for interested transactions. [read post]
