Recent Posts

Foley & Lardner Alert: Florida Moves Quickly to Preserve Its Status as a Business-Friendly State
Posted on 4 Aug 2011 by Foley & Lardner LLP

Sometimes state legislatures react slowly to judge-made law and sometimes they move swiftly to correct perceived problems created by court rulings. Often, such rash legislative action is not well thought-out or properly drafted, making the solution worse... Read More

Fourth Circuit on LLC Law and Fried Chicken and Waffles
Posted on 31 May 2013 by Mack Sperling

The Fourth Circuit doesn't get into matters of LLC law very often, but it did last week in Painter's Mill Grille, LLC v. Brown [ an enhanced version of this opinion is available to subscribers ]. The LLC and its members were suing... Read More

Virginia Limited Liability Company (LLC) Membership Interests Analogous to Partnership
Posted on 13 Dec 2011 by Lee Berlik

The Virginia Supreme Court ruled on November 4, 2011, that membership in a Virginia limited liability company is comprised of two components--a control interest and a financial interest--and that only the financial interest is transferable by will... Read More