: Delaware Corporate and Commercial Litigation Blog
Delaware Law v. New York Law on LLCs
By Francis G. X. Pileggi, Esq.
Professor Larry Ribstein, one of the nation's leading scholars on LLCs, writes here about a recent NY decision that recognizes the right of an LLC member to an accounting--despite no such right being found in NY's LLC statute. The good professor explains why this decision (that relies on another NY decision that also recognized another right not found in the LLC statute), might be a reason why practitioners would prefer Delaware law when it comes to LLCs.
Blawg of the Day -- New York Business Divorce Today's blog covers divorce issues -- but not the type of divorce you might think. New York Business Divorce provides information on dissolution and other disputes among owners of New York corporations, LLCs and partnerships...
I Love New York (Companies) I Love New York (Companies) Most large US public companies are incorporated in Delaware, but not all. You may ask: why did some blue chip companies choose to incorporate in New York rather than Delaware, which has long been favored...
More on Single Member LLCs as S Corp Shareholders Following up on yesterday's post by Christopher Hoyt (Missouri-Kansas City) on new IRS rulings approving single-member LLCs as eligible shareholders of a Subchapter S corporation: Alice Abreu (Temple), Brant Hellwig (South Carolina), and several other commentators share their thoughts here.