The Corporate Alternative Minimum Tax and Alternative Entity Governance Risks

T. Spangler of HFK speaks on the corporate alternative minimum tax (“CAMT”) and requirements of noncorporate taxpayers to compile unique accounting books for high-income corporate interest holders and further details potential liabilities when drafting governance documents in his publication on American Bar Association’s Business Law Today.

Acting Manager of LLC Subject to Personal Jurisdiction in Delaware: Case Law Precedents “Not Persuasive

Managers of Delaware limited liability companies can be compelled to appear in Delaware courts if they are either formally named as managers under an LLC’s operating agreement

Individual LLC Members Can Be Held Liable for Breach of LLC Agreement

Vice Chancellor Laster of the Delaware Court of Chancery held that members of an LLC who voted to terminate the membership of another member (Shah) were jointly and severally liable with the company.

Delaware Court of Chancery Awards Damages in Chevelle Case Based on Unjust Enrichment

Ordinarily, an action solely for money damages cannot be brought in the Court of Chancery because Delaware law provides that the Court of Chancery has jurisdiction over “matters and causes in equity”.