Difference Between Partnership & LLC Member Duties Until this year, California law applied partnership duties to LLC members. Effective January 1, 2014, Corporations Code section 17704.09 expressly defined the duties owed by LLC members to each other. Section 17704.09 provides that the fiduciary duties owed by LLC members
Pay Child Support After Quitting A Job? So, you’re working hard to support your family, and you depend on your ex-spouse to provide support to help with your children’s expenses. Most parents are happy to provide a fair amount of child support; they want what’s best for their children. Sometimes, however,
Lying in Court, an Opportunity Few things are more frustrating, at least in the litigation arena, than when your adversary lies in court. As a lawyer, I see it all of the time. For the most part, I’m immune from the emotional reaction my clients feel. Instead, every time I catch an adverse witness lying, […]
The Racketeer Influenced and Corrupt Organizations Act (RICO) was enacted in 1970. This statute, part of the Organized Crime Control Act of 1970, is designed to prevent and punish “racketeering activity.” RICO was aimed at mobsters and organized criminals. However, I’ve used the RICO statutes very effectively in lawsuits involving fraud by business people.
Imagine a corporation with three shareholders – or 10 – where a single shareholder owns a majority interest and can basically make all of the decisions for the corporation. What does a minority shareholder do when the majority shareholder takes advantage of his power