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3 Oct 2022, 8:10 am
While most states set this number at $15 million, some states require additional funds; for example, New York’s capital and surplus standard is $48 million, which would apply to a DSLI writing business in the state even if the DSLI is domiciled in a state with a lower capital and surplus threshold. [read post]
31 Jan 2012, 12:52 pm
Auriga Capital Corp. v. [read post]
27 Dec 2022, 4:24 am
The members of Nite Cap’s owner, Bull-Poet, LLC, recently traded the full sheets and gentle seas of the Hudson for the strum and drang of litigation in New York’s Supreme Court. [read post]
13 Jul 2020, 4:51 am
Other contributing factors, not limited to transferees, may be the relative infrequency compared to corporations with which LLC membership interests are formally certificated, and default rules permitting variable voting and economic percentages based on changes in a member’s capital account. [read post]
5 Dec 2022, 5:30 am
With Breyer gone, who will emerge as the left’s chief critic of capital punishment? [read post]
2 Feb 2021, 1:38 pm
All signature blocks on business contracts should start with the LLC’s name and the signature line underneath should be signed ”By:” the managing member, manager, officer or other designee as “Authorized Person”. [read post]
7 Feb 2023, 12:09 pm
Return Contributions to Members After satisfying any agreed upon distributions, each Member should have their initial capital contribution returned by the LLC. [read post]
6 Dec 2020, 12:03 pm
Not like a commercial contract That decision spawned others that barred fee shifting in a commercial contract unless specifically spelled out, and the only Chancery Court ruling on the issue, Senior Housing Capital, LLC v. [read post]
12 Aug 2010, 4:06 am
The bottom line is that there’s still confusion in the Delaware cases not only about how to negate duties, but what must be negated. [read post]
20 Jan 2019, 8:36 am
Midland Funding, LLC also gets a trade line on your credit reports in the collections section of the reports. [read post]
20 Apr 2020, 4:10 am
” An astute member or its counsel, armed with knowledge of the statute’s default rules, and especially given the 50/50 line-up of the two factions, likely would have eliminated the provision for automatic withdrawal upon filing a dissolution petition or, alternatively, would have paired the provision with a mandatory buy-sell of some sort. [read post]
24 Sep 2019, 4:29 am
Finally, the Revised Uniform Partnership Act prohibits blurring the lines between partnerships and other entities. [read post]
3 Oct 2011, 4:35 am
Bottom line: litigation is an asset, and assets attract capital. [read post]
5 Jan 2015, 2:23 am
Cedar Capital Partners LLC was FHR’s agent during the negotiation process. [read post]
10 Sep 2014, 6:13 am
The Financial Industry Regulatory Authority (FINRA) sanctioned brokerage firm 79 Capital Securities, LLC (79 Capital) and broker Michael Ward (Ward) concerning allegations around June and July 2012, 79 Capital and Ward posted on the website of a business networking organization sales material regarding GWG Renewable Secured Debentures (GWG Debentures), an illiquid and high-risk alternative private placement investment that omitted material information concerning… [read post]
24 Jul 2020, 12:42 pm
Conservation Easement Investment, Queen’s Cove Holdings LLC Have you suffered losses investing in Queen’s Cove Holdings LLC? [read post]
19 Sep 2016, 3:32 am
Based on the record before her, including the parties’ conflicting factual allegations, Chancellor Lyle concluded that summary judgment was inappropriate because a fact finder could reasonably infer that in seeking to dissolve the LLC, Defendant Coltea intended to create a roadblock to prevent the LLC from capitalizing on the Public Square Garage opportunity. [read post]
10 Jul 2019, 12:00 pm
Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience. [read post]
25 Apr 2017, 9:24 am
Confusion across State Lines Rules regarding LLCs differ from state to state. [read post]
14 Apr 2020, 10:04 am
Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience. [read post]
