Court Denies Request to Dissolve LLC Because It Remained Able to Conduct the Business for Which it was Formed
Business Divorce / Commercial Case Notes

Court Denies Request to Dissolve LLC Because It Remained Able to Conduct the Business for Which it was Formed

On April 25, 2022, Justice Borrok of the New York County Commercial Division issued a decision in Haaris v. Hameedi, 2022 NY Slip Op. 31339(U), denying a request to dissolve an LLOC because the LLC remained able to conduct the business for which it was formed . . . Continue reading Court Denies Request to Dissolve LLC Because It Remained Able to Conduct the Business for Which it was Formed

Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law
Business Divorce / Commercial Case Notes

Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law

On April 1, 2022, Justice Boddie of the Kings County Commercial Division issued a decision in Family Group 188, LLC v. Foukas, 2022 NY Slip Op. 30764(U), holding that where members of an LLC fail to sign an LLC operating agreement, the LLC is governed by the default rules of the LLC Law . . . Continue reading Where Members Fail to Sign LLC Operating Agreement, LLC is Governed by Default Rules of LLC Law