Limited Liability Company Law Archives

Rescuing a Limited Partnership From Dissolution

by divi | Sep 4, 2014 | Business Litigation, Business Start Ups, Corporate Law, Limited Liability Company Law, Partnership Law

There can be life and death struggles playing out in a courtroom. One of those struggles could involve the fate of a limited partnership. Through a judicial dissolution, the partnership could be broken apart and ended, or a party not filing for dissolution would have...

Fiduciary Strings Attached to Members of Limited Liability Companies

by divi | Aug 21, 2014 | Business Litigation, Corporate Law, Limited Liability Company Law, Partnership Law

Managers and managing members of limited liability corporations (LLC’s) owe duties of care and loyalty (called fiduciary duties) to the LLC and its members. A member of an LLC has far more responsibility to fellow shareholders than an employee would have to an...

Fiduciary Duties No Laughing Matter for Mr. Ha

by divi | Aug 14, 2014 | Business Litigation, Corporate Law, Limited Liability Company Law

Those who manage Limited Liability Companies (LLC’s) have many responsibilities. It’s up to them to run a business and make a profit while living up to their responsibilities to fellow company members. Most managing partners, if their businesses aren’t making record...

Updated California LLC Law Changes Default Rules and Adds Flexibility to Fiduciary Duties

by divi | Feb 5, 2014 | Business Litigation, Business Start Ups, Corporate Law, Limited Liability Company Law, Partnership Law

st of 2014 by the new California Revised Uniform Limited Liability Company Act (RULLCA). The new provisions of RULLCA significantly alter the default and mandatory rules that previously governed California based LLCs. Although many of the provisions are similar to the...

What? You Mean I May Be Liable for Corporate Debts?

by divi | Jun 25, 2013 | Business Start Ups, Corporate Law, Limited Liability Company Law, Partnership Law

If you are a shareholder of Costco or Home Depot, you rest easy when they get involved in lawsuits. You, as the shareholder of a company listed on the New York Stock Exchange, have nothing to worry about because even if these companies lose the lawsuits, you will not...

Five Reasons to Seek Judicial Dissolution of a Limited Liability Company

by divi | May 1, 2013 | Limited Liability Company Law, Litigation Strategies

When the members decide to dissolve a limited liability company (LLC) in a court proceeding, it is generally the last resort for the aggrieved investors and business owners. It is an extreme court remedy which is initiated by a lawsuit from a member. It is often not...

« Older Entries

Rescuing a Limited Partnership From Dissolution

Fiduciary Strings Attached to Members of Limited Liability Companies

Fiduciary Duties No Laughing Matter for Mr. Ha

Updated California LLC Law Changes Default Rules and Adds Flexibility to Fiduciary Duties

What? You Mean I May Be Liable for Corporate Debts?

Five Reasons to Seek Judicial Dissolution of a Limited Liability Company

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