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28 Dec 2022, 6:41 pm by Francis Pileggi
The Supreme Court disagreed with the interpretation of the Partnership Agreement by the Court of Chancery and initially focused on the need to read both the Partnership Agreement and the related LLC Agreement together because both agreements described how the general partner managed Boardwalk. [read post]
2 Aug 2021, 12:45 am by Bryan Camp
Today’s lesson is short, but not so sweet for the losing taxpayers in BRC Operating Company LLC, Bluescape Resource Company LLC, Tax Matters Partner v. [read post]
12 Aug 2010, 8:45 am by PaulKostro
Div., A-1069-08T3, August 12, 2010: The relationship of joint venturers, like that of partners, is “one of trust and confidence,” requiring the highest standard of good faith; one joint venturer may not take advantage of the other. [read post]
2 Feb 2021, 1:38 pm by IncNow
Filing an LLC and keeping an LLC in good standing are not “one and done” transactions. [read post]
4 Jan 2018, 9:26 am by Stephen Honig
There is also in contract law (LLCs and partnerships are after all just contractual arrangements) an ill-defined but time-honored rule of construction that imposes on all parties an obligation to act with good faith and fair dealings with all other parties in the transaction. [read post]
30 Nov 2008, 7:56 am
Let me say I am not using partner in its technical sense. [read post]
22 Feb 2020, 2:56 pm by Imke Ratschko
If your partner violates this duty, you may be able to sue the partner directly or on behalf of the LLC or corporation. [read post]
18 Jan 2023, 6:42 am by Drew Emmert
  Investors that form LLCs are frequently serial entrepreneurs that seek to have flexibility in their investments to freely choose investment partners and exploit ideas that now or later, may or may not be in conflict with another investment that they hold. [read post]
22 Mar 2013, 7:02 am
The owners of an LLC are called "members" rather than shareholders or partners. [read post]
13 Oct 2010, 11:00 am
 There are often very good reasons for this. [read post]
22 Oct 2018, 3:17 am by Peter Mahler
On the law, Antell relied on the language in § 401 (b) (i) and a trio of trial court decisions, in two of which – Kalikow v Shalik, which I wrote about here, and Landes v Provident Realty Partners II, L.P. [read post]
13 Oct 2019, 11:14 pm by Peter Mahler
Background In 2013, a restauranteur named Paolo Meregalli formed an LLC and brought in several silent-partner investors to open an Italian restaurant in Manhattan’s Meatpacking District named Mulino a Vino. [read post]
19 Jan 2018, 2:18 pm by IncNow
In addition, for those who share a plan with a partner, you would be able to deduct half the monthly cost from the phone bill. [read post]
5 Jul 2010, 4:00 am by Peter A. Mahler
Mar. 16, 2010), decided by the Delaware Chancery Court, held that the implied duty of good faith and fair dealing under Delaware law does not obligate LLC members to keep company information confidential. [read post]
25 Sep 2011, 6:10 pm
The parties clearly had the expectation that, absent good faith compliance with the express terms of the available termination provisions, the contract would last ten years. [read post]