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Category: business formation nyc

Selling Limited Liability Company Membership Interests

There are several important issues to consider when buying or selling Limited Liability Company membership interests. There are usually provisions in operating agreements that address the process involved in transferring a member’s interest. What type of provisions? For starters, they require the member to provide notice of the transfer to the other members. In addition, many […]

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NY Court changes position on Dissolution of Delaware LLCs

     Last week, the Appellate Division, First Department, ruled that New York State Courts do not have the authority to dissolve out-of-state corporate entities. This is a departure from a long line of cases holding that when a company has its principal place of business in New York, New York Courts can consider judicial dissolution proceedings. […]

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