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In short, there is neither any material difference in the text of Delaware’s and New York’s LLC dissolution statutes, nor any less powerful an analogy to their respective corporation law ...
It's important to properly dissolve an LLC because until the authorities are told otherwise, they will assume the business is active. As long as the LLC is active, the owner is required to file ...
New York courts are not in the vanguard when it comes to devising less drastic, alternative remedies in LLC judicial dissolution cases. In their defense, there’s nothing in Article 7 of New York ...
Northern Leasing Sys, Inc., 70 Misc. 3d 256, 279-80 (Sup. Ct., NY County 2020) commenced by the NYAG, in which the court ordered dissolution of a corporation under BCL 1101 upon finding that the ...
As held in In re 1545 Ocean Ave., LLC, 72 AD3d 121, 131, 893 NYS2d 590 (2d Dept. 2010), the seminal New York decision construing Limited Liability Company Law §702, an LLC member seeking ...
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