Maryland now recognizes an independent cause of action for breach of fiduciary duty by majority members.
Read MoreSeparate classes in a limited liability company can be created to comprise a unified equity financing structure, which can increase the stability of a business or investment.
Read MoreIt’s understandable how someone might leave a shopping bag or a small item like keys or a wallet in a taxi. However, in 2008, violinist Phillip Quint left his multi-million dollar Stradivari in a New York City taxi. The taxi driver discovered the instrument and returned it. Like musicians, business owners sometimes forget important tasks relating to their business entities. Although some forgotten tasks may be correctable, others are not. By forgetting to pay attention to their business entities, an owner can lose it forever.
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