Delaware Court of Chancery affirms ability to amend a limited liability company agreement through merger under Section 18-209(f) of the LLC Act notwithstanding amendment provision requiring different ...

Limited liability companies (LLCs)—curious creatures of state law—often file bankruptcy. Bankruptcy courts have, therefore, developed a dynamic body of law to evaluate the “bankruptcy remoteness” of ...

Delaware has long been known as one of the most business-friendly states, providing a legal and tax environment that attracts many companies to incorporate there even if they don't physically run ...

In Sunder Energy v. Jackson, No. 455, 2023 (Del. Supr., December 10, 2024), the Delaware Supreme Court upheld the Delaware Court of Chancery’s decision not to enjoin a former employer and member of a ...

And the risk is real: although a Delaware LLC whose sole business is owning and operating property in New York may be able to claim New York as its “principal place of business” (and accordingly be ...

A company linked with Google co-founders Larry Page and Sergey Brin moved out of California in late December. Business Insider reports Palo Alto-based T-Rex LLC converted out of California into a ...