Law

Delaware LLC’s In New York Real Estate Transactions: Waiver of Fiduciary Duties

This is Adrienne Koch’s third article in her four-part series that examines issues surrounding the use of Delaware Limited Liability Companies for real estate transactions in New York, exploring a key ...
JD Supra

Delaware Case Examines Amendment-by-Merger Provision of LLC Act

Delaware Court of Chancery affirms ability to amend a limited liability company agreement through merger under Section 18-209(f) of the LLC Act notwithstanding amendment provision requiring different ...
Law

Delaware LLC vs. New Jersey LLC for Complex Business Transactions

You are advising a client regarding the organization of a new business venture to be based in New Jersey. You have determined to recommend a limited liability company as the form of business entity.
JD Supra

Delaware Court of Chancery Allows Amendment of LLC Agreement to Permit Disparate Consideration Where Amendment Provisions Were Followed

CityMD, initially owned by its physicians, became majority-owned by an entity controlled by Warburg Pincus (the WP investors) in 2017. In 2019, CityMD merged with Summit Medical Group, forming WP ...
Accounting Today

Why Delaware is losing businesses and where companies are going

Delaware has long been known as one of the most business-friendly states, providing a legal and tax environment that attracts many companies to incorporate there even if they don't physically run ...