Comparison of LLC Statutes

Fiduciary Duties: Do Managers Owe Special Duties to the LLC or Its Members? A fiduciary duty is a legal duty to act solely in another party’s interests.  For those familiar with the context, a fiduciary duty is often likened to the duties of a trustee to hold property...

Comparison of LLC Statutes

Creditors’ Rights: Can My Creditors Go After the LLC’s Assets? In Delaware, as in most other states, LLC members are generally not liable for the debts, obligations, and liabilities of the LLC.  We say generally, because there are situations where LLC members can be...