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9 Aug 2018, 11:48 am
The decision in Phone Recovery Services, LLC. v. [read post]
31 Dec 2018, 3:56 am
In a suit among members of a Delaware LLC, this significant decision by since-retired Commercial Division Justice Shirley Kornreich rejected the defendants’ contention that the plaintiff member lacked standing to assert derivative claims based on provisions in the LLC agreement requiring unanimous consent before members may act on behalf of the LLC. [read post]
8 Aug 2022, 8:25 am
General Partnership This form is the simplest, but partners face potential personal liability for the acts of other partners and the business. [read post]
29 Sep 2012, 11:27 am
In this post, I’ll discuss the effectiveness of using entities providing limited liability protection (like corporations, LLCs, and limited partnerships), and discuss whether insurance may be sufficient liability protection in the context of a new business or whether an entity is needed. [read post]
2 Aug 2021, 12:19 am
Durst’s Amended Petition alleges Artemus’s status as a Delaware LLC and seeks its judicial dissolution on various grounds under Section 18-801 of the Delaware LLC Act. [read post]
6 Mar 2022, 3:15 pm
Google, LLC, 358 Ga. [read post]
28 Oct 2009, 5:22 am
Check the Hemi Group, LLC v. [read post]
11 Aug 2017, 5:00 am
Article 4 of Act 20 is amended to adjust the Base Period Income by reducing said amount by 25% annually, until the same is reduced to zero (0) for the fourth taxable year in which the terms of the decree of the exempted business under Act 20 apply (the “Phase-Out”). [read post]
30 Dec 2020, 1:45 pm
Gaby’s Bags, LLC v. [read post]
22 Nov 2011, 7:40 am
NJ LLC Act Under normal contract rules, breaching parties are typically not subject to additional penalties or forfeitures. [read post]
21 Jun 2024, 8:05 am
” Importantly, the Court instructed that the counterpart corporate statute, DGCL Section 273, is often used by analogy to apply to dissolution cases under the LLC Act. [read post]
20 Feb 2009, 6:29 am
For any business litigator who deals with disputes among or between the owners of a closely-held LLC or corporation, these two cases are must reading. [read post]
10 Aug 2023, 6:26 am
The rules for LLCs vary by state. [read post]
26 Dec 2016, 3:34 am
IE Test, LLC v Carroll, 2016 WL 4086260 [NJ Sup Ct Aug. 2, 2016], an important ruling by the New Jersey Supreme Court in which it reversed the lower court’s judicial expulsion of an LLC member under a narrowed construction of that state’s enabling statute mirroring the Revised Uniform LLC Act’s expulsion provision. [read post]
4 Feb 2008, 3:30 am
Closely held companies with multiple owners actively involved in the business sometimes use employment agreements between the company and the owners, separate and apart from the shareholders’ agreement (for corporations) or operating agreement (for LLCs). [read post]
29 Jul 2013, 8:08 pm
The ownership in an LLC is protected by LLC law. [read post]
6 Oct 2022, 4:11 pm
The first section of the statute that dissuades DAO’s from organizing in Wyoming is section 17–31–103 which applies the Wyoming LLC Act to all DAO’s that organize in the state. (17–31–103). [read post]
20 Sep 2017, 9:06 pm
Noonan -- The value of the post-grant review programs (post-grant review, inter partes review, and covered business methods review) has been debated since these provisions were enacted as part of the Leahy-Smith America Invents Act in 2012. [read post]
20 Feb 2013, 5:00 am
In AT&T Mobility LLC v. [read post]
30 Nov 2022, 2:50 pm
” Wreal, LLC v. [read post]
