We often think of the dissociation of a member from a limited liability company as a matter of expulsion. The majority typically wants to expel a problematic minority member from the LLC. But one can also dissociate themselves by resigning...
An LLC member breached his fiduciary duty by competing with his own company, a trial court in New York City holds in issuing an injunction against one of the principals of a successful company that makes automated parking systems. The...
A claim that one of the members has misappropriated assets of a limited liability company and ousted the other member from management is a "quintessential breach" of the fiduciary duties that may exist in a closely held business. It...
I often find myself counseling caution to business owners that want to use equity to reward or attract key employees.  The reason, quite simply, is that if the relationship sours, the employee not only has to be fired but...
Changes to New Jersey's limited liablility company statute eliminate the right of creditors to foreclose an individual member's interest in the business

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