New York Real Estate Journal published an article on July 30 authored by Co-Chair of Olshan’s Real Estate Law practice Thomas Kearns entitled “LLC Interest Forfeiture Is Disfavored” (or here for NYREJ subscribers).
Below is the latest update of my original Client Alert comparing the Delaware and New York laws governing LLCs. This update discusses the more flexible protocols in Delaware for the effective date of merger filings.
New York Real Estate Journal published an article authored by Olshan Real Estate partner Thomas Kearns entitled “LLC Agreement Issues for Co-Investors.”
New York Real Estate Journal published an article authored by Olshan Real Estate partner Thomas Kearns entitled “Social Responsibility Limited Liability Companies (LLCs)”
New York Real Estate Journal published an article authored by Olshan Real Estate partner Thomas Kearns entitled “Using LLCs for Succession Planning.”
We are regularly requested by investor groups to highlight issues covered by a limited liability company agreement for a typical real estate development company with several equal partners. The following is the result of that effort.
Moody’s hits a borrower with a “credit negative” if the borrower is organized in a state other than Delaware.
Vice Chancellor Glasscock, in Huatuco v. Satellite Healthcare, determines that a reference to the rights of the members being solely determined by the LLC Agreement impliedly waives the right of a member to seek judicial dissolution.
As real estate crowdfunding efforts start, attention will no doubt be paid to the terms of the LLC agreement governing each investment. This article, first published in the November 26th issue of New York Real Estate Journal, highlights a few key issues and notes that the crowdfunding websites should consider imposing standards.