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16 Oct 2017, 3:33 am
I’ve said it before, I’ll say it again: for professionals who dwell in the world of LLCs, whether as transactional, tax, or litigation counsel, attending the annual, two-day LLC Institute, sponsored by the LLCs, Partnerships and Unincorporated Entities Committee of the ABA’s Business Law Section, is the best way to stay abreast of developments in the law of alternative entities and to mix with leading scholars and… [read post]
12 Sep 2012, 6:45 am
Transacting Through the LLC All agreements and business transactions should be conducted through the name of the LLC. [read post]
21 Jun 2010, 8:37 am
§21(1) provides for a fiduciary duty in transactions connected with the formation of the partnership. [read post]
25 Mar 2022, 6:00 am
Fortis Advisors LLC v. [read post]
2 Feb 2020, 7:05 am
It could involve, for example, a one-sided transaction favoring a controlling member or manager. [read post]
16 Jan 2018, 6:33 am
KKR Financial Holdings LLC, 125 A.3d 304 (Del. 2015), the Delaware Supreme Court held that a non-controlling stockholder transaction approved by informed, unaffiliated stockholders is protected by the business judgement rule and that any lawsuit challenging such a transaction should be dismissed absent well-pleaded allegations of corporate waste. [read post]
18 Jan 2018, 9:17 am
The series LLC may be a practical way to limit the plaintiffs to suing only one protected series that only holds the revenues from the Queen Theater and other related parties whose actions or inactions gave rise to the transactions or occurrences. [read post]
4 Nov 2008, 3:53 pm
Maiden Holdings, Ltd., a Bermuda based holding company, and its subsidiary, Maiden Insurance Company, Ltd., a Bermuda reinsurer, on November 3, 2008 acquired the GMAC Re reinsurance business from GMAC LLC. [read post]
30 Mar 2017, 10:00 pm
Dave advises businesses of all sizes on the legal and practical issues that they face every day.Below is a guest post that he has written which is applicable to landlords, many of which hold their rental properties in LLC;s, but also to anyone that has an LLC.Is Your LLC Protecting Your Personal Assets? [read post]
29 Jun 2023, 8:12 am
In the case, a civil engineering firm sought to pierce the veil of an Illinois LLC to hold the members of the LLC personally liable for a money judgment that the engineering firm had won against the company. [read post]
6 Jan 2012, 1:58 pm
Enterprise Products Holdings LLC, C.A. 5989- VCN (January 6, 2012) This is an important decision because it reaffirms the ability in an LLC agreement to severely limit the right to sue. [read post]
23 Oct 2011, 11:00 am
Without boring everyone else to tears, this doctrine basically holds that when it comes to the affairs of the owners of a company, the law of the state of organization (i.e. [read post]
2 Aug 2023, 4:59 am
Ocwen Loan Servicing LLC then filed a lawsuit to recognize the validity of the mortgage Porter had executed. [read post]
25 Oct 2018, 6:00 am
Manti Holdings LLC v. [read post]
30 Mar 2010, 6:22 pm
Forming a LLC to hold your Florida investment property is a wise idea. [read post]
5 Jul 2023, 12:52 pm
These filings included audited financial statements and were related to GPB Capital Holdings, LLC (GPB Capital). [read post]
21 Oct 2019, 12:14 am
The annual LLC Institute is a unique gathering of professionals and academics from across the country for two days of programs on transactional, litigation, and taxation issues concerning LLCs and other unincorporated business forms. [read post]
13 Oct 2019, 11:14 pm
If non-cash contributions are to be allowed, the LLC agreement must include language adequately addressing the valuation and recognition in the books of account of such contributions, and should also address any self-interested transactions of the sort by managers. [read post]
1 Nov 2019, 6:00 am
An Up-C IPO refers to a transaction whereby a limited liability company (“LLC”), which is taxed as a pass-through entity, performs an IPO through a holding company that has an interest in the LLC. [read post]
10 Dec 2018, 3:08 am
This is hardly a routine real estate transaction, as the very nature of the members’ investment was fundamentally changing. [read post]
