Below is a link to Peter Mahler’s blog listing and providing links to ten major business divorce cases during the past year. I look forward to reading all of them. Handling actual and possible business divorces is, of course, a major area of LLC practice.
Top 10 Business Divorce Cases of 2020
Business owners need to know how to protect their liability shield.
Below is a link to my latest article published in the Concord Monitor.
Peter Mahler introduces his latest NY Business Divorce Blog as follows:
In this week’s New York Business Divorce, we discuss a recent decision serving as a reminder to corporate shareholders planning to bequeath their shares of stock to ensure no contracts prohibit them from doing so, lest they leave behind a very disappointed beneficiary.
The ruling applies equally to LLCs: In drafting provisions about transfers of members’ membership rights—e.g., upon their death—LLC lawyers should ensure that these provisions are consistent with members’ estate plans.
The link to Peter’s column is as follows:
The use in LLC operating agreements of provisions called, among other names, “shotgun provisions” or “Texas shootout provisions” to resolve deadlocks between members of a multi-member LLC can sometimes result in a disaster for one of the deadlocked members, as discussed by Peter Mahler, author of the excellent FarrellFritz blawg “New York Business Divorce,” in his latest post. The link is below:
Here’s a link to an article I recently published in the Concord Monitor on the NH Revised LLC Act.
The post from Peter Mahler under the link below is about a recent NY LLC case upholding the validity of a bare-bones expulsion clause in the operating agreement of a NY multi-member LLC. The decision is well-reasoned, but in my view, because expulsions are major LLC actions, they should be addressed in detail in operating agreements.
Here’s the link:
Below is a link to an article I recently published.
Below is a link to an article I wrote that was recently published in the Concord Monitor.
Under the link below is a new and excellent post by Peter Mahler in his NY Business Divorce blawg about the dangers that lurk in broad purpose clauses in LLC operating agreements.
Here’s the link: