While a few commentaries have addressed the LLC enterprise in general, very few make mention of whether interests issued pursuant to this business form constitute securities. This article generally responds to Professor Sargent's position that interests in a LLC are normally not securities. We...

The most common business enterprise form in Germany today is the Gesellschaft mit beschränkter Haftung (GmbH). The GmbH offers entrepreneurs the partnership's flexibility combined with limited liability, capital lock-in, and other traits associated with corporations. Earlier enterprise forms...

The most common business enterprise form in Germany today is the Gesellschaft mit beschränkter Haftung (GmbH). The GmbH offers entrepreneurs the partnership's flexibility combined with limited liability, capital lock-in, and other traits associated with corporations. Earlier enterprise forms...

5 state analysis of fiduciary duties of managers and members of limited liability companies finding their duties largely akin to majority shareholder fiduciary duties. Consider both statutory and common law

The confusion surrounding LLC veil piercing stems from numerous factors, including some courts' seemingly blind application of corporate standards, and worse, some courts' misunderstanding that the corporation and the LLC are not the same entity. Indeed, the LLC is a different entity than the...

Tax transparent limited liability entities (TTLLEs) such as the GmbH & Co. KG in Germany, the trading trust in Australia, or the S Corporation and the LLC in the U.S., can be found in many developed economies. While these entities are to a large extent functionally equivalent, their underlying...

This article, prepared for the Business Law Prof Blog 2017 Symposium, examines the statutory grounds available to members who seek judicial dissolution of an LLC in all fifty states plus the District of Columbia. I also examined the judicial dissolution grounds in five model statutes: the 1992...

This article draws a parallel between limited liability company – LLC in Brazil and the US, from a regulatory perspective, based just on a study of compared legislation: The Civil Code, in Brazil, and the Revised Uniform Limited Liability Company Act – RULLCA, in the US. The scope is to...

To what extent does equity play a role in LLC law? To what extent do courts retain the judicial discretion “to do right and justice” in circumstances in which the LLC statute and the applicable LLC agreement do not otherwise offer an adequate remedy to an aggrieved LLC member or manager?...

The law of the United States takes two fundamentally different approaches to taxing business income. The income of many corporations is taxed to the corporation when earned and again to the shareholders when corporate profits are distributed to them. In contrast, the income of most corporations,...

Shareholder conflicts are said to be the Achilles heel of close corporations. They materialize in different ways and shapes, mostly in the form of majority oppression, minority abuse or shareholder deadlocks. Different cognitive biases and heuristics, as shown by the behavioral law and economics...

Facebook founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, announced they would give 99% of their net worth to – in their words – “advance[e] human potential and promot[e] equal opportunity.” To make good on this promise, however, they did not set up a traditional nonprofit,...

Part two of a two part article discussing the existing impediments to greater use of Series LLCs including taxation, bankruptcy, the Uniform Commercial Code and issues concerning multi-state activities and how these matters are being addressed by the National Conference of Commissioners on...

The authors use panel data on the number of new firm registrations in 95 countries to study the impact of the business environment and 2008 financial crisis on new firm registration. The data show that more dynamic formal business creation occurs in countries that provide entrepreneurs with a...

Bewerbung um die Position als Geschäftsführer -- Gestaltung und Abschluss des Geschäftsführer-Anstellungsvertrages -- Besonderheiten bei Allein- und Ressortgeschäftsführer -- Grundlagen der Geschäftsführung -- Besonderheiten im GmbH-Konzern -- Abberufung, Kündigung und Ausscheiden.

Intro -- Über die Autorin -- Inhaltsverzeichnis -- Einleitung -- Über dieses Buch -- Konventionen in diesem Buch -- Was Sie nicht lesen müssen -- Törichte Annahmen über den Leser -- Wie dieses Buch aufgebaut ist -- Anhang: Wichtige Vertragsmuster und Checklisten -- Symbole, die in diesem...

Die GmbH gehört als Kapitalgesellschaft zu den bekanntesten Gesellschaftsformen. Die zahlreichen steuerrechtlichen Vorschriften und Besonderheiten machen die GmbH jedoch zu einem schwierigen Beratungsfeld. Dieses Buch veranschaulicht das komplexe Rechtsgebiet anhand zahlreicher Beispiele und...

Eine Rechtsformänderung ist für jede einzelne Gesellschaft ein komplexer und individueller Sachverhalt. Folglich ist es nicht möglich, eine allgemeingültige Empfehlung zur optimalen Art der Umstrukturierung auszusprechen. Jessica Harneit geht der Frage nach, wie aus gesellschafts- und...

Gründung einer Unternehmergesellschaft (haftungsbeschränkt) -- Anmeldung, Gesellschaftsvertrag, Kosten -- Geschäftsführung in der UG bzw. einer UG & Co. KG -- Finanzamt und Unternehmergesellschaft -- Umwandlung in Voll-GmbH -- Arbeitshilfen und Muster

On July 26, 1994, Governor Cuomo signed legislation which will permit limited liability companies to be formed in New York State. When the law became effective October 24, 1994, New York was the 42nd state to enact an LLC statute. The limited liability company (“LLC”) is a new form of doing...

We study how aggregate volatility is influenced by the propagation of idiosyncratic shocks across firms through the network of ownership relations. We use detailed data on cross-holdings as well as the relevant balance sheet information for almost the entire universe of Italian limited liability...

The document contains the text of the presentation given in Madrid, November 20th, 2014, to the Conference dedicated to the The Regulation of Close Corporations in Europe: towards a Common Frame of Reference and organized by the Universidad Rey Juan Carlos within the framework of the Research...