Posts for "Alternative Business Entities" filter

Post date: Posted on: September 10, 2014

In Ross Holding and Management Co. v. Advance Realty Group LLC,[1] the Delaware Court of Chancery has held again that traditional corporate fiduciary duties of care and loyalty apply to the members and managers of limited liability companies.  The Court wrote:

Tags: Alternative Business Entities, Comparative Law, Corporations, Equity / Chancery, Fiduciary Duties, Limited Liability Companies, Partnerships
Post date: Posted on: August 28, 2014

Some types of business entities (most famously, corporations) offer limited liability to their managers, owners, and officers. That is, under most circumstances such parties will have no personal liability for debts incurred (through tort or contract) by the business entity.

Tags: Alternative Business Entities, Bankruptcy, Civil Litigation / Civil Procedure, Commercial Litigation, Contracts, Corporations, Courts, Creditor / Debtor Law, Equity / Chancery, Limited Liability Companies, Partnerships, Real Estate / Real Property, Torts
Post date: Posted on: August 13, 2014

New Hampshire has become the latest state to enact a benefit corporations statute. In July 2014, Governor Maggie Hassan signed into law the New Hampshire Benefit Corporation Act, NH RSA 293-C.

Tags: Alternative Business Entities, Business Ethics, Corporations, Fiduciary Duties, Legal Theory, Legislation, Social Entrepreneurship
Post date: Posted on: July 9, 2014

The Delaware General Assembly recently passed several bills which could have a substantial impact on financing transactions involving Delaware entities.  Some of the noteworthy bills are amendments to the

Tags: Alternative Business Entities, Commercial Litigation, Contracts, Corporations, Legislation, Limited Liability Companies, Mergers and Acquisitions, Partnerships, Securities, Structured Finance
Post date: Posted on: June 27, 2014

LLC Law Monitor reports on two recent decisions (one in Montana, and the other in Louisiana) dealing with personal liability of the manager of an LLC:

Tags: Agency, Alternative Business Entities, Comparative Law, Contracts, Equity / Chancery, Limited Liability Companies, Torts

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