For over a century, Delaware has been a popular domicile for business entities of all types.
At the New York Business Divorce blog, Peter Mahler discusses the concept of “jerk insurance” and a recent federal court decision in the Southern District of New York:
At the New York Business Divorce Blog, Peter Mahler has a retrospective piece looking at the top ten business divorce opinions issued by
Details can be found at bergerharris.com.
Series LLCs are an innovative form of alternative entity in which in which multiple "series" are incorporated into a single limited liability company.
In Pasquarella v. 1525 William St., LLC, 120 A.D.3d 982 (N.Y. App. Div. Aug.
Judge James T. Vaughn, Jr.
Amendments to the Delaware Limited Liability Company Act adopted earlier this year by the Delaware General Assembly went into effect August 1, 2014.
The amendments are as follows:
In Ross Holding and Management Co. v. Advance Realty Group LLC, 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: