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3 Jan 2023, 11:51 am
Footnote 1 of a tax sale opinion issued today by the court formerly known as the Maryland Court of Special Appeals All four entities are subsidiaries of Bronson Lee Partners Fund III, LLC, a Chicago-based “private investment firm specializing in... [read post]
16 Jan 2010, 6:02 am
The following are some frequently asked questions with respect to the two business entities. [read post]
4 Feb 2013, 12:27 am
Most clients pose this question with respect to the protection of their membership interest from a creditor’s charging lien. [read post]
7 Nov 2023, 7:34 am
A recent Delaware Court of Chancery decision determined the proper members of an LLC and their respective interests pursuant to Section 18-110 of the Delaware LLC Act. [read post]
21 Jul 2015, 12:45 pm
We encourage people to link to this page, increasing the visibility of the links between the former entities (ArrivalStar and Eclipse IP) with the new entities (Shipping and Transit, LLC and Electronic Communication Technologies LLC, respectively). [read post]
22 Sep 2021, 1:15 pm
In most cases, members of Tennessee limited liability companies will ensure, at the time of the formation of the LLC, that there is properly signed documentation which establishes which persons are members and their respective membership interest percentages. [read post]
24 Jan 2023, 11:55 am
The Complaint alleges monopolization and tying claims under Sections 2 and 1 of the Sherman Act, respectively. [read post]
13 Oct 2015, 12:33 pm
Readers of this blog know how much I hate courts that call LLCs "corporations. [read post]
2 May 2019, 6:00 am
This recent Court of Chancery opinion recognizes and illustrates that notion when dealing with claimed advancement rights, explaining “parties are free to contract into corporate case law (or not) when they create LLCs, and courts will respect that choice. [read post]
13 Sep 2018, 5:18 am
Historically, the vast majority of investments made by VC firms have been made in corporations, not LLCs. [read post]
7 Aug 2017, 9:49 am
In the example given, the operating agreement would expressly state that A would receive 90% and B would receive 10% of distributions of profits and losses, subject to any further changes in their respective ownership percentages of the LLC. [read post]
7 Aug 2017, 9:49 am
In the example given, the operating agreement would expressly state that A would receive 90% and B would receive 10% of distributions of profits and losses, subject to any further changes in their respective ownership percentages of the LLC. [read post]
7 Aug 2017, 9:49 am
In the example given, the operating agreement would expressly state that A would receive 90% and B would receive 10% of distributions of profits and losses, subject to any further changes in their respective ownership percentages of the LLC. [read post]
10 Aug 2011, 12:39 pm
Leemon Family LLC, C. [read post]
1 Jun 2010, 11:21 am
The trust and respect provided each client reflects the commitment brought to winning the case. [read post]
13 Dec 2017, 2:18 pm
Downey (Maryland U.S.D.C.)Filed: October 26, 2017Opinion by: Judge Ellen Lipton HollanderHolding: Under Maryland law, the liability protections afforded to limited liability company (“LLC”) members with respect to obligations of an LLC did not support dismissal of claims that an individual engaged in unfair competition and deceptive trade practices by forming and participating in an LLC, where the plaintiff alleged conduct supporting direct claims… [read post]
22 Mar 2016, 7:58 am
Appellee, Golden Ashland Services, LLC (“Golden Ashland”), ... [read post]
31 Oct 2013, 10:22 am
Sections 503 and 504 of NY LLC Law, respectively, say that unless otherwise provided in the operating agreement, each member is allocated profits, losses and receives distributions of available cash on the basis of the value of any contributions made. [read post]
22 Sep 2014, 5:43 am
LLCs differ in this respect from corporations because corporation ownership is established by issuance of stock certificates rather than a shareholder agreement. [read post]
3 Sep 2018, 6:16 pm
Because the LLC Agreement was silent with respect to payout of a member forced to withdraw, the court turned to the LLC Act to interpret the Agreement. [read post]
