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18 Feb 2013, 11:03 pm by Peter Mahler
As bluntly summed up by Justice Demarest, “the LLC is essentially bankrupt” and, upon a liquidation sale of the LLC’s assets, “[b]oth members of the LLC would lose their entire investment. [read post]
9 Oct 2018, 2:18 pm by Arina Shulga
In cases where the investment manager will manage only one fund, the investment manager may also act as a general partner of the LP / manager of the LLC. [read post]
18 Aug 2018, 10:00 am by Krause Donovan Estate Law Partners
Reference: American Bar Real Property|Trust & Estate Law (July 12, 2018) “Digital Property FAQs” Get Help from a Wisconsin Probate and Estate Planning Attorney For your trustee or personal representative, managing your digital assets after you pass away is not as simple as logging in with your user name and password. [read post]
17 Jan 2020, 2:04 pm by admin
appeared first on Estate Planning and Elder Law LLC. [read post]
7 Jun 2021, 4:38 am by Franklin C. McRoberts
The Kagan Case In Kagan v HMC-New York, Inc., 94 AD3d 67 [1st Dept 2012], a member of two financial investment firm LLCs sued the managers for breach of the implied covenant of good faith and fair dealing. [read post]
29 May 2023, 8:48 pm by Peter Mahler
The third, involving a close corporation, considers whether an alleged oral agreement to grow and manage a karaoke lounge without salary in exchange for a 25% equity interest if the venture became profitable, entitled the manager to 25% of the venture’s value following his ouster. [read post]
3 Apr 2016, 11:01 am by Carter Ruml
The LLC would be managed by a board of managers. [read post]
3 Apr 2016, 11:01 am by Carter Ruml
The LLC would be managed by a board of managers. [read post]
3 Apr 2016, 11:01 am by Carter Ruml
The LLC would be managed by a board of managers. [read post]
22 Nov 2021, 4:35 am by Peter Mahler
The subject company in the lawsuit is Island Management, LLC, a manager-managed Connecticut LLC co-owned equally by the six trusts and created to oversee and build the family’s assets held by a separate family-owned holding company. [read post]
9 Sep 2013, 1:06 pm by Adam Weinstein
  According to the SEC, from mid-2007 through 2012, Mura led a team of individuals that managed several limited liability companies (LLCs) including Charge-On Demand LLC (COD), Innovations Group Enterprises LLC (IGE), and Stucco LLC and directed and participated an effort to solicit investors in the sale of unregistered promissory notes issued by the LLCs (LLC Promissory Notes). [read post]
13 Sep 2012, 5:00 pm
It works much better to give LLC interests than fractional interests in direct real estate ownership, for the reasons given above. [read post]
15 Dec 2014, 3:24 am by Peter Mahler
The now ex-husband, who had fiercely resisted the transfer in the Florida divorce proceedings and had signed the transfer directive under the court’s threat of contempt, subsequently filed suit in Manhattan Supreme Court against the LLC, its managers, and his ex-wife, claiming that the transfer was “unauthorized” and “illegal,” and should be rescinded, because of language in his LLC Subscription… [read post]
20 Mar 2012, 8:59 pm by Francis Pileggi
The LLC agreement provided that Aeosphere was to be managed by a board of managers, which included Matthew, Laudamiel and Capua. [read post]
30 Dec 2020, 4:07 am
[Mere descriptiveness refusal of DIGITAL ASSET COOPERATIVE (CO-OP) for "cooperative advertising and marketing services for advertising members’ shared digital assets in virtual e-commerce marketplaces in exchange for subscriber revenues and any other direct or in-direct forms of payment. [read post]
However, it’s important to note that in a manager-managed LLC, a member who is not also a manager does not violate a duty or obligation under the Act or under the operating agreement merely because the member’s conduct furthers the member’s own interest. [read post]