LLC Agreement

Don’t Let the Deal Get Ahead of the Documents

By Peter A. Mahler on September 18, 2017

Eagle Force v. Campbell, decided earlier this month by the Delaware Chancery Court, is a fascinating cautionary tale of the perils of signing and then trying to enforce incomplete business formation agreements. Get the story in this week’s New York Business Divorce.
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Finding Purpose Outside the LLC Agreement

By Peter A. Mahler on June 8, 2015

Posted in Delaware, Grounds for Dissolution, LLCs, Operating Agreement

The test for dissolution of an LLC includes whether its purpose as defined in the LLC agreement is no longer achievable. This week’s New York Business Divorce looks at cases, including a Delaware Chancery Court decision released days ago, in which courts have looked outside the agreement to determine the LLC’s purpose. …
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