My last blog post addressed the differences between derivative and direct actions. Only a few weeks ago, the Florida Third District Court of Appeal issued an opinion clarifying the requirements for a direct action. A full copy of the opinion can be found here.
Category: Business Lawyers
Florida LLC Litigation: Theft or Other Misconduct by a Managing Member of an LLC
In the context of Fort Lauderdale business litigation, some members of Florida limited liability companies, also known as “LLCs,” learn that the managers or other members of the LLC have wrongfully taken funds from the company, or have otherwise harmed the company by breaching their fiduciary duties to the company. When this happens, the members’ ownership interests in the company—which entitles them to distributions of the company’s profit—are usually dramatically reduced or completely eliminated. Understandably, these members may wish to sue the managers and members whose conduct caused their losses. READ MORE
There are hundreds of laws governing businesses, and every industry has its own rules and regulations. This has generated a widespread need for business lawyers. Most business owners running a small enterprise or business are unfamiliar with many kinds of business laws. READ MORE