What is sufficient evidence of membership in a limited liability company? It is not uncommon that the intentions of the parties in forming a limited liability company are poorly documented and or non-existent. The plaintiff in this case argued...
It may take a unanimous action of the members of a limited liability company to dissolve the entity or to change the date on which the company will dissolve according to the terms of its operating agreement. But unless...
An Illinois appellate court affirmed a finding of breach of fiduciary duty and the expulsion of a limited liability company member under a version of the Uniform Limited Liability Company Act. The case is of interest for the way...
An admitted oral agreement to issue shares immediately in a limited liability company results in a doubling of the buyout price, as the parties cannot look to the organization documents to resolve the dispute.
The effective date of New Jersey's new limited liability company statute is March 1 for newly formed entities, bringing with it a list of new client issues and drafting considerations.

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