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10 Feb 2014, 3:06 am
When I posed the question to one of my partners, Steve Melore, who regularly prepares LLC agreements as part of his corporate law practice, he also pointed out that if a New York based business is sophisticated enough to even identify the option of forming under Delaware law, then chances are the principals are receiving advice from sophisticated counsel or CPAs more likely to prepare a better agreement. [read post]
6 Feb 2014, 7:35 am
In January, 2009, Wife was wooed by Wachovia Securities, LLC to serve as a client financial advisor and a managing director of investments. [read post]
31 Jan 2014, 6:35 am
FINRA alleged that Hogue and two other partners formed SFL, presumably SFL stands for Science Fitness LLC, on August 20, 2010, for the purpose of operating a health club. [read post]
24 Jan 2014, 6:28 am
According to FINRA the three brokers owned and controlled two companies – Allen Partners Capital, LLC (APC) and Allen Partners, LLC (AP). [read post]
24 Jan 2014, 6:00 am
Doug is a former partner/member at Wolfe Law Group LLC and former owner and director of Express Lien Inc. [read post]
24 Jan 2014, 12:57 am
Commentators Sparks and Hamermesh, in a 1992 article, suggested a somewhat limited applicability to officers: While there are no cases directly on point, the concept of an officer as the repository of delegated management authority by the board suggests that the availability of a business judgment rule defense may only be available to a corporate officer when that officer is operating within the scope of the delegated authority … As a result, officers face a dual… [read post]
24 Jan 2014, 12:57 am
Commentators Sparks and Hamermesh, in a 1992 article, suggested a somewhat limited applicability to officers: While there are no cases directly on point, the concept of an officer as the repository of delegated management authority by the board suggests that the availability of a business judgment rule defense may only be available to a corporate officer when that officer is operating within the scope of the delegated authority … As a result, officers face a dual… [read post]
17 Jan 2014, 10:46 am
This document has the potential to impact judicial decisionmaking at the trial and appellate levels (Judge Taranto referenced The Sedona Conference Glossary: E-Discovery & Digital Information Management (3rd ed. 2010) numerous times in the CBT Flint Partners, LLC v. [read post]
17 Jan 2014, 4:46 am
This document has the potential to impact judicial decisionmaking at the trial and appellate levels (Judge Taranto referenced The Sedona Conference Glossary: E-Discovery & Digital Information Management (3rd ed. 2010) numerous times in the CBT Flint Partners, LLC v. [read post]
14 Jan 2014, 9:48 am
Beatport, LLC, No. 10-2912 (D. [read post]
30 Dec 2013, 3:11 am
Wiesenthal, 108 AD3d 492, 2013 NY Slip Op 05040 (2d Dept July 3, 2013), where the Second Department held that a retired partner, or the estate of a deceased partner, who elects to receive post-withdrawal profits in lieu of interest under Section 73 of the Partnership Law is not entitled to recover appreciation on the value of the partnership assets. [read post]
26 Dec 2013, 1:27 pm
[Page 1:] The plaintiffs, Great Hill Equity Partners IV, LP, Great Hill Investors LLC, Fremont Holdco, Inc., and Bluesnap, Inc. [read post]
12 Dec 2013, 2:55 pm
Shelter Capital Partners, LLC, et. al. [read post]
IRS Limits Ability to Deduct Annual Bonus Payments in the Year of Accrual, Rather Than the Year Paid
26 Nov 2013, 9:17 am
Considerations for Compliance and Financial Reporting We asked our friend Chris Dean, a CPA and Tax Senior Manager at GBQ Partners LLC, to explain the considerations for compliance and financial reporting. [read post]
25 Nov 2013, 3:45 am
The case also consolidated separate suits by a realty management company operated by Anthony’s sons seeking damages against some of the general partners for wrongful termination damages, and counter-suit against the management company for breach of the management agreements. [read post]
22 Nov 2013, 12:22 am
Peters, Esq. is Managing Director at Princeton Legal Search Group. [read post]
20 Nov 2013, 2:22 pm
At first blush, fund managers may assume that these rules will not apply to them; however, care should be taken to ensure that investors’ accounts are set up to receive and hold investment amounts, and the only transfers permitted will be for management fees, performance allocations to the manager/general partner as applicable, and withdrawals by (and most importantly, back to) the investor to minimize identity theft risks. [read post]
18 Nov 2013, 3:44 am
” Neither agreement was put to a vote by the membership of the general partner LLCs. [read post]
13 Nov 2013, 9:00 am
Corporations, LLCs and Partnerships Corporations, LLCs and partnerships use a Chapter 7 to liquidate and dissolve their businesses. [read post]
7 Nov 2013, 6:11 am
Wave Energy Partners, LLC (Wave Energy), an entity controlled by Manchester, was the managing partner of Brenham Dome. [read post]
