Consider the persimmon. No wild fruits are so sweet and delectable as ripe persimmons after the first fall freeze, if you can beat the birds to them. But a green persimmon is not just less tasty; it is inedible. Not even a ‘possum will eat a green persimmon.
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.
It's a few months old, but this article from the Florida Bar Journal on Florida’s New Revised LLC Act is worth reading.
Berger Harris partner and Business Law Basics co-blogger Michelle Quinn will be a presenter of a webinar entitled "
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
Berger Harris partner and Business Law Basics co-author Brian Gottesman was interviewed by Family BusinessCast on the advantages of
At the Delaware Corporate and Commercial Litigation Blog, Francis Pileggi analyzes the Delaware Court of Chancery’s opinion in In re: El Paso Pipeline Partners, L.P. Derivative Litigation.
The Freakonomics Blog has re-posted a podcast discussion between Steve Levitt and Stephen Dubner about sunk costs and when, in economic analysis, it is beneficial to quit one's course of action. Many litigators would benefit from a better understanding of sunk costs and what they represent.
Andre Bouchard has been confirmed by the Delaware Senate to serve as the 21st Chancellor of the Delaware Court of Chancery.