A Lease and a Lease Guaranty Involve Different Rights and Remedies
Sister blog The LLC Jungle recently posted about an opinion from California’s Sixth District Court of Appeal — Orozco v. WPV San Jose, LLC — describing…
Thank You from Money and Dirt, and The LLC Jungle Blog is Coming!
The Money and Dirt blog would like to thank its readership for helping the blog earn a JD Supra 2018 “Readers Choice Award” in the Real…
Just How Much Power Does Your LLC’s Manager Have?
A few prior posts have addressed the power dynamic between members and managers in LLCs. For example, see: Seven Critical Mistakes Real Estate LLCs Make (and…
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…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #2: Skimping on the Formation and Operating Documents
LLCs are known and loved as a relatively simple business form. You can start and operate them without a lot of advance planning. But taking shortcuts…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #1: Choosing the Wrong Business Partners
This series of seven posts will capture the main points from my October 14, 2014 seminar presentation to clients and friends at the Wendel Rosen Speaker…