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16 Oct 2023, 11:40 am by Matthew Dochnal
” or “How do I structure my LLC’s management? [read post]
12 Jan 2023, 1:16 pm by Matthew Dochnal
  The post What Is an LLC and How Can It Protect My Business? [read post]
19 Mar 2020, 10:35 am by Chris Wesner
Introduction Murray Metallurgical Coal Holdings, LLC (“Met Holdings”) and its affiliated debtors and debtors in possession (collectively, the “Debtors”) have filed a motion—commonly known as a “critical vendors motion”—seeking authority to pay the prepetition claims of certain creditors that supply them with critical goods and services (the “Motion”) (Doc. 8). [read post]
20 Mar 2019, 8:43 am by Anthony Bareno
Another way of protecting yourself, is to create subordinate LLCs to own risky property. [read post]
30 Oct 2010, 2:38 pm by Jonathan Alper
People are trying to find a way to protect single member LLCs after the Florida Supreme Court said that creditors can levy or foreclose a debtor’s single member LLC interest. [read post]
7 Feb 2011, 11:22 am by Larry Ribstein
I noted that Delaware and New York are leading the way in creating a distinct LLC contractual approach to judicial dissolution of closely held firms. [read post]
9 Sep 2011, 10:43 am by Larry Ribstein
” I criticized the court’s holding as misapplying NY LLC law, concluding: [T]he court’s reasoning using hoary old corporate promoter cases to create a pre-formation fiduciary duty to disclose in LLC cases promises to make a mess out of NY LLC law. [read post]
24 Jul 2017, 3:41 am by Peter Mahler
And how can the owners hold themselves out to the world as an LLC while acting as partners among themselves? [read post]
7 Dec 2020, 4:59 am by Peter J. Sluka
For a more complete summary of the law on indemnification and advancement in the context of LLC disputes, see my colleague Frank McRoberts’ post, Can the Company Pay My Legal Fees? [read post]
11 Feb 2009, 1:33 pm
So your lawyer says, "Form an LLC to hold your property," and being the good lawyer that she is and you being the good client that you are, you form a limited liability company and transfer your real property holdings into the name of the LLC. [read post]
11 Aug 2011, 5:57 am by Larry Ribstein
So the opinion was erudite (it cited and quoted my treatise) and funny (you don’t expect to see a Commodores’ song quoted in an LLC opinion, even if it didn’t support the holding). [read post]
1 Sep 2010, 6:09 pm by Larry Ribstein
See my discussion of these issues in my book, Rise of the Uncorporation (180-82). [read post]
23 Oct 2011, 11:00 am
The creditor cannot force the LLC to actually distribute any money, nor participate in any way in management of the LLC, nor even usually get information on the LLC's activities. [read post]
24 Jan 2022, 2:46 am by Peter J. Sluka
” By my count, this phrase and its close relative, “unless otherwise provided in the operating agreement,” appear 59 times in New York’s LLC Law, most often to qualify a rule on LLC governance. [read post]