The Alabama Legislature has passed the Alabama Limited Liability Company Law of 2014, a substantially revised and restated version of their prior LLC law. The new law is expected to be signed by Governor Robert Bentley and will go into effect January 1, 2015 (for entities formed after that date) and on January 1, 2017 (for LLCs formed on or before December 31, 2014, though such entities can elect to be governed by the new law earlier).
Posted on: April 2, 2014
Category:
Tag: Alternative Business Entities, Comparative Law, Contracts, Legislation, Limited Liability Companies
Posted on: April 1, 2014
At Above the Law, Dan Harris of the law firm of Harris Moure has thoughts about the futility of attempting to enforce U.S. court judgments against defendants located in China:
Clinging to the hope that she does not need to go back to her client to explain why she drafted a contract that fails to give her client any real remedy and/or why she just charged her client around $50,000 to file and prosecute a meaningless lawsuit to judgment, the lawyer caller usually asks one or more of the following questions, to which I give the following answers:
Category:
Tag: Alternative Dispute Resolution, Comparative Law, Contracts, Courts, Creditor / Debtor Law, International Law, Legal Theory, Technology & Law
Posted on: April 1, 2014
Martin Lipton, inventor of the "poison pill" and co-founder of the law firm of Wachtell, Lipton, Rosen & Katz, spoke at the Corporate Law Institute last week, with a number of Business Law Basics bloggers/Berger Harris partners in attendance.
Category:
Tag: Corporations, Equity / Chancery, Fiduciary Duties, Legal History, Legal Theory
Posted on: April 1, 2014
Corporate and business entity taxation is a complex area, fraught with nuance. As most businesspeople are aware, however (and speaking by way of broad overgeneralization), business entities are generally taxed either as corporate or as pass-through entities. In the former arrangement, the entity itself pays income tax, and then shareholders or other equity owners are taxed on the money they receive from the entity (in the form of distributions, dividends, etc.).
Category:
Tag: Administrative Law, Alternative Business Entities, Commerce, Corporations, Law & Economics, Legislation, Limited Liability Companies, Partnerships, Taxation
Posted on: March 31, 2014
Details at bergerharris.com.
Category:
Tag: Alternative Business Entities, Commercial Transactions, Comparative Law, Corporations, Equity / Chancery, Fiduciary Duties, Legal Ethics, Legal Industry, Legal Opinions, Legislation, Limited Liability Companies, Mergers and Acquisitions, Partnerships, Professional News, Securities, Structured Finance
Posted on: March 26, 2014
In an article in the March 21 – April 3 issue of the New Hampshire Business Review, attorney Beth Deragon notes that “the answer is not as clearly drawn as an employer might like.”
Category:
Tag: Labor and Employment