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11 results found

Article

McDaniel & Park PC | USA | 9 Nov 2012

LLC mortgage may be challenged

A mortgage given by a New Jersey limited liability company to one of its members can be challenged by the purchaser in a court-approved sale of the business, the Appellate Division holds, reversing the trial court.

Article

McDaniel & Park PC | USA | 1 Nov 2012

LLC minority interest subect to levy

One of the perceived benefits of the limited liability form of doing business is the limited remedy that a creditor has when attempting to use the LLC member's interest as a source to satisfy a judgment.

Article

McDaniel & Park PC | USA | 25 Oct 2012

New Jersey limited liability company operating agreements

The amendments to the New Jersey’s Limited Liability Company Act, N.J.S.A. 42:2C-1-94 thatbegin to take effect in March 2013 will bringing a new era in the way the members of a limited liability company structure their affairs.

Article

McDaniel & Park PC | USA | 5 Oct 2012

New Jersey limited liability company laws undergo major revision

A new set of laws governing New Jersey limited liability companies will become effective in March.

Article

McDaniel & Park PC | USA | 7 Sep 2012

Expelled LLC member not 'employee' in age discrimination claims

The challenges in making the transition from the the founding members of a successful enterprise to the second generation of managers are often difficult, as this litigation involving that has endured for nearly a decade demonstrates.

Article

McDaniel & Park PC | USA | 6 Jan 2012

Business divorce: five considerations you should consider

It’s the Wednesday afternoon before Thanksgiving and the phone rings with a new client.

Article

McDaniel & Park PC | USA | 27 Dec 2011

Limited liability co founders may have disclosure duties

Limited liability companies are clearly the vehicle of choice for new, closely held businesses.

Article

McDaniel & Park PC | USA | 22 Nov 2011

Canyon Creek Development LLC member fails to meet the capital call

Small business owners sometimes run into difficulties with their business partners after much time has passed since they first set up the business.

Article

McDaniel & Park PC | USA | 3 May 2011

Restrictive covenant enforcement when New Jersey LLC dissolves

The operating agreement of a limited liability company often contains a restrictive covenant or covenant not to compete that prohibits members who withdraw from the LLC from immediately competing with their former business.

Article

McDaniel & Park PC | USA | 12 Apr 2011

LLC does not distribute clients on dissolution

When a limited liability company dissolves, it pays its creditors and distributes the remaining assets in the winding-down process.

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