Prologue—Choice of Law
When a litigator argues for a particular choice of law, the litigator seeks retrospectively the law most favorable to a particular claim or claims. When a business lawyer chooses…
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For many decades, the law of closely-held businesses was the law of closely-held corporations.[1] For…
Recently, a learned professor of law described Delaware as “a mecca . . . for the organization of limited…
Limited liability companies went mainstream in 1988, began to capture the market for closely held businesses…
I. Introduction Suppose your client has a judgment from a court in state X against a shareholder of…
The organizational law of limited liability companies (LLCs) and partnerships has always fundamentally…
In the time before the internet made breaking news available 24/7/365, the most important breaking news…
The distinction between direct and derivative claims follows necessarily from the concept of a legal…
My previous column in Business Law Today explained how, “Like Great Britain, a Limited Liability Company…
Under Elf Atochem N. Am., Inc. v. Jaffari, 727 A.2d 286, 291 (Del. 1999), the operating agreement…
We begin with ULLCA, because the answer to the delineation question appears straightforward under the…
With this issue, in cooperation with the Uniform Law Conference, we initiate a column on the law of…
Möbius strip, a one-sided surface that can be constructed by affixing the ends of a rectangular strip…
The power and complexity of the single-member limited liability company (SMLLC) comes from a conceptual…
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