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Limited Liability Company (LLC) Fair Valuation

Farrell Fritz, P.C.

Summer Shorts: An Unusual Application of LLC Law § 608 and Other Decisions of Interest

Farrell Fritz, P.C. on

Welcome to this 14th annual edition of Summer Shorts. This year’s edition features brief commentary on three recent decisions by New York courts in business divorce cases. The featured cases involve a suit pitting three...more

Farrell Fritz, P.C.

Fair Value Decision Caps Decade-Long Dispute Over Family-Owned Real Estate Holding Companies

Farrell Fritz, P.C. on

About 40 years ago, a son and his mother first teamed up to invest in purchasing and managing over a dozen buildings in New York through 4 co-owned entities, each owned on a 50/50 basis. Fast forward several decades and the...more

Patton Sullivan Brodehl LLP

LLC Dissolution Vote Defeats Statutory Buyout

Several prior LLC Jungle posts have explored the statutory buyout procedures established by California Corporations Code section 17703.03 and related statutes: a botched buyout - “fair value” vs. “fair market value” - ...more

Farrell Fritz, P.C.

Consider Whether Your Buy-Sell Provision is a Call Option Before Pulling the Trigger

Farrell Fritz, P.C. on

As regular readers of the blog surely are aware, there are few provisions in an LLC or shareholders agreement more likely to be the focus of dispute than the buy-sell provision. Most times, these disputes expose a flaw in the...more

Farrell Fritz, P.C.

No Double Dipping! Court Denies Post-Valuation Date Distributions in Equitable Buyout of LLC Member

Farrell Fritz, P.C. on

I’m always disappointed by appellate opinions that decide novel or unsettled issues in business divorce cases with little or no analysis. It seems like a lost opportunity to provide guidance in future cases....more

Morris James LLP

Chancery Awards Fair Value of Member Interest to Expelled Member of Del. LLC

Morris James LLP on

Delaware statutes enabling formation of unincorporated entities like limited liability companies (LLCs) and limited partnerships afford freedom for owners to structure business relationships as they see fit. This freedom...more

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