RESULTS FOR PRACTICE AREA CATEGORY: Business Formation

Feb. 3, 2012The Dickinson Law Newsroom
Delaware court issues key opinion on fiduciary duties owed to LLC members

On January 27, 2012, the Delaware Chancery Court issued a 75-page opinion explaining how fiduciary duties are owed by a manager to an LLC’s members absent an expressed limitation or elimination in the operating agreement.

Nov. 8, 2011The Dickinson Law Newsroom
Dickinson Law Firm in the Hub Tower in Des Moines, Iowa

U.S. News Media Group and Best Lawyers® have released the 2011-2012 “Best Law Firms” rankings, and once again Dickinson, Mackaman, Tyler & Hagen, P.C. is well represented in the rankings for the Des Moines metropolitan area, having received Tier 1 rankings in 19 areas of law.

Oct. 12, 2011The Dickinson Law Newsroom
Dickinson law firm in the Hub Tower in Des Moines, Iowa

Twelve attorneys from Dickinson, Mackaman, Tyler & Hagen, P.C. were selected by their legal industry peers for inclusion in 15 areas of law in the recently-released 2012 edition of The Best Lawyers in America® (Copyright 2011 by Woodward/White, Inc., of Aiken, S.C.).

Jul. 7, 2011The Dickinson Law Newsroom
Boilerplate in LLC operating agreements is risky business

Risk Management Services, LLC v. Moss provides an interesting lesson on the importance of covering all elements of an LLC’s existence within the operating agreement, including the expulsion or termination of a fellow member.

Jun. 16, 2011Benjamin D. Bruner
Ambiguous provisions may blur line between customary capital call and personal liability of LLC members

In Racing Investment Fund 2000 v. Clay Ward Agency, Inc., 320 S.W.3d 654 (Ky. 2010), an LLC creditor attempted to force the LLC to call for capital from the members in order to satisfy the creditor’s judgment claim for unpaid insurance premiums. The creditor’s attempt was based on a capital call provision in the LLC operating agreement.

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