Author: Jennifer M. OsgoodDate: 6 May, 2022If LLC owners find themselves at odds such that the company cannot functionally persist, is dissolution the only option? While few states offer alternatives, the concept of “equitable buyout” stands out as practical consideration both for the courts and for prospective drafters of LLC
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Author: Daniel W. Glasser If joint venture partners agree they can engage in other business that competes with the joint venture, does the duty of good faith and fair dealing prohibit such competition? A recent North Carolina court was forced to answer this question where the limited liability agreement waived the
Read MoreAuthor: Daniel W. GlasserPublished: January 12, 2021In a recent ruling, a Colorado district court confirmed that C.R.C.P. 62(a)’s 14-day automatic stay on the execution of a final judgment is not automatically extended while motions under C.R.C.P 59 and 60 are pending in that action. According to the court, if a judgment determines
Read MoreAuthor: Daniel W. GlasserPublished: January 12, 2021Nearly every new venture is born out of optimism. But suddenly, you and your business partner no longer share the same vision. One morning you wake up to find that you have been locked, literally and figuratively, out of your own business. Here are the top five issues you need to address immediately: Where’s the money? Who has access to the books and records? What obligations have I personally guaranteed and what are the risks? Can I compete with the jerk who just locked me out? What is my end-game?Click here to view entire blog article at Chipman Glasser, LLC
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