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Limited Liability Company (LLC)

International Lawyers Network

Establishing a Business Entity in Austria (Updated)

1. Introduction - In principle any national citizen or foreign national is allowed to establish a business in Austria. A company is defined as a partnership of at least two persons (exceptions for limited liability...more

Fried Frank

Chancery Finds Some Amendments to LLC Agreement Adversely Modified Members’ Rights, Triggering Consent Right—Lehr v. Aspen Power

Fried Frank on

In Lehr v. Aspen Power Partners LLC (Mar. 30, 2026), the Delaware Court of Chancery addressed amendments made to the LLC agreement governing Aspen Power Partners LLC (the “Company”), which were adopted in connection with a...more

DarrowEverett LLP

Assemblage Strategy: The Legal Playbook for Aggregating Commercial Real Estate

DarrowEverett LLP on

In 2026, persistent urban land scarcity and robust demand for large-scale mixed-use, multifamily, and transit-oriented developments have made land assemblage one of the most powerful tools available to sophisticated...more

Farrell Fritz, P.C.

A Cross-Country Trio of Appellate Decisions Tackles Novel LLC Disputes

Farrell Fritz, P.C. on

As I have written in the past, and repeat here, the statutes and judge-made law governing disputes among co-owners of closely held entities can vary significantly from state to state. Depending on the state, there also can be...more

International Lawyers Network

Establishing a Business Entity in Argentina (Updated)

1. Types of business entities - The most common types of legal entities adopted in Argentina are the limited liability company (“Sociedad de Responsabilidad Limitada” or “SRL”), the corporation (“Sociedad Anónima” or “SA”)...more

Bradley Arant Boult Cummings LLP

Recent Alabama Tax Tribunal Rulings Remind Us of Two Traps for the Unwary Taxpayer (and Tax Practitioner)

Associate Alabama Tax Tribunal Judge Ralph M. Clements, III, recently appointed by Gov. Kay Ivey, has hit the ground running and issued two well-reasoned rulings that nevertheless illustrate traps for unwary taxpayers and...more

Nossaman LLP

Lessons in LLC Governance: Delaware’s Contractual Freedom…And Its Limits

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Our recent eAlerts discussed the Delaware legislature’s corporate law reforms to try to stanch the flow of corporations relocating to Texas and Nevada and Delaware courts’ refusal to enforce overly-broad noncompete covenants...more

Proskauer Rose LLP

Wealth Management Update - April 2026

Proskauer Rose LLP on

The April 2026 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.6%, which is 0.20% less than the March 2026 rate...more

Davidoff Hutcher & Citron LLP

Good Guy Guarantees and Personal Guarantees

Most NYC restaurant leases come with a catch: the landlord wants you, not just your LLC, on the hook. I’ve seen restaurant owners sign personal guarantees without fully understanding what they’re agreeing to—and then watch...more

Bradley Arant Boult Cummings LLP

When to Say Goodbye: The Pros and Cons of Triggering the Redemption or Sale of a Minority Interest in a Private Company

Majority owners and minority investors act wisely when they negotiate and adopt a buy-sell agreement (BSA) at the time the private company investment is made because the BSA helps to avoid future conflicts between them....more

Tonkon Torp LLP

Maximize Your Startup Company’s Value: Common Legal Mistakes to Avoid (Part 1)

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Starting a business is exciting. It is also inherently risky. But in my experience advising founders, most serious legal problems are not caused by bad ideas. They result from preventable legal mistakes made at the...more

Mayer Brown

Preferred Equity: Key Tax Considerations

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This Legal Update concludes our three-part series on preferred equity in private capital markets, exploring key tax considerations for preferred equity investments. ...more

Farrell Fritz, P.C.

Can Majority-Authorized Action Still Breach Fiduciary Duty?

Farrell Fritz, P.C. on

Some NYBD posts have staying power.  Of the hundreds of posts on this site, my practice brings me back, over and over again, to a handful of familiar favorites.  This 2018 post from Peter Mahler is one to which I find myself...more

Hone Maxwell

Forming a U.S. Business Entity: How to Choose the Right State

Hone Maxwell on

Choosing where to form your business in the United States is a strategic decision that impacts taxes, operations, and long-term growth. While Delaware is often the default, the best choice depends on where you operate, your...more

Davidoff Hutcher & Citron LLP

DHC Defeats MCA Funders in Bankruptcy Court

If your restaurant is carrying merchant cash advance debt with triple-digit implied interest rates, pay attention. Our bankruptcy team just secured a major victory that changes the landscape for MCA litigation—and it has...more

Patton Sullivan Brodehl LLP

Rescission of an LLC Deal and the Attorney Fee Award Aftermath

The right to contractual attorney fees for parties “prevailing” in litigation is covered by a deep body of case law. So is the concept of rescission — a remedy by which a contract is eliminated and treated as if it never...more

Davidoff Hutcher & Citron LLP

Don’t Pierce the Veil

Forming an LLC or corporation is step one. Step two—the one many restaurant owners skip—is actually treating the company like a separate legal person. If you don’t, a court can “pierce the corporate veil” and hold you...more

Morris James LLP

Chancery Rules Post-Trial that Preferred Equity Investor Validly Removed LLC Manager

Morris James LLP on

ASVRF Paterson Plank RD J-C, LLC v. Brass Works Urban Renewal Co., LLC, 2025-0549-LWW (Del. Ch. Nov. 21, 2025) - In this decision, the Court of Chancery enforced LLC agreement provisions permitting a preferred equity...more

Mayer Brown

Liability of Shareholders of a German Limited Liability Company

Mayer Brown on

I. OVERVIEW The limited liability company (GmbH) is one of the most popular legal forms in Germany due to the limited liability of its shareholders. It is in the nature of a GmbH to limit the liability of its shareholders to...more

Cadwalader, Wickersham & Taft LLP

Delaware Court of Chancery Sustains Breach of Fiduciary Duty Claims Based on Terms of LLC Agreement

On January 29, 2026, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery issued a decision denying Defendants’ motion to dismiss in Calumet Capital Partners LLC v. Victory Park Capital Advisors, LLC....more

Krieg DeVault

IRS Disregards "Charitable LLC" Arrangement and Denies Charitable Deduction

Krieg DeVault on

On January 23, 2026, the Internal Revenue Service (the “IRS”) publicly released Field Attorney Advice 20260401F (the “FAA”)1, in which the Office of Chief Counsel rejected a promoted "charitable LLC" structure designed to...more

Mayer Brown

Rachat de titres suivi d'une annulation non motivée par des pertes : absence d'abus de droit

Mayer Brown on

L'imposition selon le régime des plus-values du gain réalisé par un associé à l'occasion du rachat de ses titres, préalablement à une réduction de capital non motivée par des pertes, n'a pas été remise en cause sur le...more

Eversheds Sutherland (US) LLP

Tax Bytes: Week of March 17, 2026

Welcome to the latest edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. We pull together the items we deem most important to provide...more

ArentFox Schiff

Virginia Court of Appeals Finds ‘Knowledge’ to Mean ‘Constructive Knowledge’ Under the Virginia Limited Liability Act

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On January 20, the Virginia Court of Appeals issued an opinion interpreting the meaning of the term “knowledge” within Virginia Code § 13.1-1021.1(C), a provision of the Virginia Limited Liability Company Act (LLC Act)...more

Farrell Fritz, P.C.

First Department Upholds Minority’s Unilateral Termination of Majority-Appointed CEO Over Majority’s Objections

Farrell Fritz, P.C. on

Can a three-person minority outvote a four-person majority to oust the majority-appointed, longtime CEO of a profitable company (who also happens to be the founder of the company) in a vote requiring supermajority approval?...more

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