A legal blog on private funds, startups, and venture capital.
A legal blog on private funds, startups, and venture capital.
Recently, the Delaware Court of Chancery issued a ruling on the question of whether a manager (or managing member) of a Delaware limited liability company owes fiduciary duties to the company and its members. The court ruled that it does.…
Recycling is generally considered a good thing when it comes to trash. It helps the environment and conserves resources. However, in the context of legal work, it is not such a good thing. Of course, when I use the word…
Given their recent success this season, the timing of the Green Bay Packers’ decision to engage in another capital raise couldn’t be better. The Offering Document for their newest stock offering contains quite a peculiar sentence: “COMMON STOCK DOES NOT…
One of the benefits to using a limited liability company is the flexibility of being able to choose how the entity is taxed. After a new LLC is formed, its owners must decide the method by which they would like…
One of the things that business people find most objectionable about the legal industry is the high cost of legal services. Bills often exceeds estimates, sometimes by many multiples. However, while many clients think that the size of the legal…
