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…
Money and Dirt: Reviewing 2017
Here is a look back at some of the top real estate and secured lending developments from 2017 covered here at Money and Dirt: The 2016…
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…
LLC Managers Are Not Above The Law (Or Equity)
In an earlier series of posts, I flagged several mistakes frequently made by real estate LLCs. One of those mistakes is ignoring member rights and duties. That…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #7: Sinking Profits on Messy “Business Divorce” (Judicial Dissolution)
We’ve come full circle from MISTAKE #1: Choosing the Wrong Business Partners. Often, choosing the wrong business partners ends in messy divorce, otherwise known as judicial…
Seven Critical Mistakes Real Estate LLCs Make (and How to Avoid Them) — Mistake #6: Failing to Protect Trade Secrets
It’s not just technology companies that have intellectual property. As I’ve written about before, real estate companies have I.P. too! Trade secrets are a form of…
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…