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28 Jun 2021, 3:10 am by Peter Mahler
That, plus the fact that realty holding companies these days overwhelmingly are organized as LLCs, plus the fact that the New York metro area has one of the largest and most active real estate development markets in the country, may explain the frequency of lawsuits in the courts of New York brought by non-managing members against managing members of realty holding LLCs involving allegations of conflict of interest and self-dealing. [read post]
20 Aug 2018, 3:18 am by Peter Mahler
 From the article’s abstract: This article, prepared for the Business Law Prof Blog 2017 Symposium, examines the statutory grounds available to members who seek judicial dissolution of an LLC in all fifty states plus the District of Columbia. [read post]
24 Sep 2019, 4:29 am
To treat the contribution to an LLC as a contribution to a partnership would be to treat the entities as one in the same in contravention of the express terms of the law.As for the sharing of profits and losses factor, the Court cited Ingram v. [read post]
11 Oct 2012, 6:50 am
Forming a Delaware LLC initially costs $90.00, with annual fees of $250.00 plus an annual fee to pay a corporate servicer in Delaware of approximately $250.00.  [read post]
4 Apr 2016, 3:31 am by Peter Mahler
The S&H Nadlan decision underscores the imperative under LLC Law § 1102 that drafters of New York LLC operating agreements include express, detailed provisions authorizing reasonable restrictions on member access to, and use of, confidential information. [read post]
15 Apr 2014, 5:11 am by SHG
Would he be sentenced to life plus cancer? [read post]
3 Dec 2012, 6:42 am by Asher Bearman
Thus, the Delaware Supreme Court refused to “express any view regarding whether default fiduciary duties apply as a matter of statutory construction [to a Delaware LLC]. [read post]
18 Feb 2013, 11:03 pm by Peter Mahler
Assuming the property were sold for its appraised value, the liquidation of the LLC would result in a net loss of over $1 million due primarily to the mortgage debt of around $4.4 million plus the debt obligation to the plaintiff for his disproportionate contributions. [read post]
5 Dec 2022, 4:23 am by Peter Mahler
The removed members are entitled to the fair value of their interests plus rescissory damages for wrongful removal.Removed members win partial victory: The controller properly exercised removal rights but the Repurchase Option using FMV with discounts violated the adverse-affect limitation on the right to amend by diminishing the removed members’ right to receive fair value for their membership interests by analogy to cases decided under Delaware’s Revised Uniform Partnership… [read post]
27 Nov 2012, 11:29 am by Lewis Lazarus
The 2007 bidder's statement of a willingness to bid more than $6 million, plus the plaintiffs' expert witness report that valued the LLC at $8.9 million, supported this determination. [read post]
11 Oct 2012, 6:50 am
  Forming a Delaware LLC initially costs $90.00, with annual fees of $250.00 plus an annual fee to pay a corporate servicer in Delaware of approximately $250.00. [read post]
3 Nov 2014, 7:34 am by Steven Koprince
BDPE-533 (2014) involved the 8(a) Program application of Express Plus Staffing, LLC. [read post]
18 Jun 2014, 7:24 am
Category: 112 - Means Plus      By: Jesus Hernandez, Blog Editor/Contributor  TitleTriton Tech. of Tex., LLC v. [read post]
4 Jun 2018, 4:53 am by SHG
And it’s the same sentiment that Rudy Giuliani expressed on Sunday when he suggested that Mr. [read post]
16 Jun 2011, 5:10 am by Lawrence B. Ebert
Personalized Media Commc’ns, LLC v. [read post]
9 Sep 2012, 10:00 pm by Peter Mahler
WC’s right to share in the distributions of the LLC, in turn, depends on the relative value of the parties’ contributions to the LLC. [read post]
30 Aug 2021, 4:04 am by Peter Mahler
When plaintiff expressed concern that his certificate might expose him to criminal liability, the founder suggested he resign and return his certificate, which plaintiff did. [read post]