In this week’s New York Business Divorce, read about how dissenting general partners can potentially wreak havoc on partnership real property sales, and how buyers can protect themselves from judicial invalidation of their transactions.
Continue Reading When Dealing in Partnership Owned Real Property, Caveat Emptor
November 2018
Is a Schedule K-1 By Itself Enough to Prove LLC Membership?
By Peter A. Mahler on
This week’s New York Business Divorce jumps back into the fray of undocumented interests in LLCs with no written operating agreement, focusing on a recent court decision that found in favor of the plaintiff’s claim of membership based solely on the LLC’s tax return.
Continue Reading Is a Schedule K-1 By Itself Enough to Prove LLC Membership?
Think Twice Before Putting 100% Quorum Requirement in By-Laws or LLC Agreement
By Peter A. Mahler on
This week’s New York Business Divorce examines an unusual case centering on an atypical quorum provision in an operating agreement requiring the presence of all managers in order to conduct any business.
Continue Reading Think Twice Before Putting 100% Quorum Requirement in By-Laws or LLC Agreement
A Deep Dive Into the Election to Purchase in Dissolution Proceedings
By Peter A. Mahler on
Posted in Buyout, Dissolution Basics
This week’s New York Business Divorce takes a close look at the issues surrounding the statutory right of the corporation and other shareholders to stay dissolution proceedings by electing to purchase the petitioner’s shares at fair value. …
Continue Reading A Deep Dive Into the Election to Purchase in Dissolution Proceedings