Local Government Agencies Can Be “Alter Egos” Too
The “alter ego” doctrine has been a frequent topic of posts on the Money and Dirt and LLC Jungle blogs. (See here, here, here, here, and…
Sham Guaranties Are (Still) Hard To Come By
In a prior post, Sham Guaranties Are Hard To Come By, we reviewed a decision from the First District Court of Appeal that emphasized how difficult…
Sham Guaranties Are Hard To Come By
In prior posts here and here, I highlighted the difficult position occupied by guarantors of real estate secured loans. In short, while California law extends very strong anti-deficiency…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #4: Stepping into “Alter Ego” Liability
California law normally respects the “separateness” of business entities. It is widely accepted that business is conducted through entities as an appropriate way of limiting liability.…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #3: Ignoring Member Rights and Duties
California law is more protective of LLC members than other jurisdictions. If LLC governance in other jurisdictions (like Delaware) seems like a dictatorship, then in California…