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Limited Liability Company (LLC) Contract Terms California

Patton Sullivan Brodehl LLP

Appointing a Receiver to Safeguard Against LLC Shenanigans

A prior post — A Receiver For Your LLC? — covered the basics of court-appointed receivers acting on behalf of an LLC. It is always worth keeping in mind that a receiver appointed to handle the affairs of an LLC is a “general...more

Allen Matkins

In This Case, Termination Of Membership Without Compensation Is Not An Improper Forfeiture

Allen Matkins on

The word "forfeiture" has an interesting etymology.  It is derived from two Latin words, foris meaning a door or gate, and facere meaning to do.  Eventually, the word came to refer to a misdeed punishable by a fine.  Today,...more

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