Business Litigation, Family Businesses, Dissolution

Recent Appellate Rulings Address Novel Issues in General Partnership Disputes

Farrell Fritz, P.C. on 9/23/2024

The era of the old-fashioned general partnership long ago petered out, largely displaced by subchapter S corporations and, in the last few decades, limited liability companies, both of which allow pass-through taxation...more

General Partner’s Resignation Triggers Nonjudicial Dissolution of Limited Partnership

Farrell Fritz, P.C. on 2/21/2022

A limited partnership without a general partner cannot lawfully continue. That’s why it’s critical that the limited partnership agreement thoughtfully address general partner succession and, when triggered, the agreement’s...more

The Doctrine of Tax Estoppel in Ownership Status Disputes

Farrell Fritz, P.C. on 10/11/2021

Ownership status in a closely-held business is the first and most vital box almost every business divorce petitioner must check....more

Death of Limited Partner Disarms Derivative Action

Farrell Fritz, P.C. on 2/10/2020

I’ve yet to see him make a court appearance, and hope I never do, but the Grim Reaper sure has a knack for disrupting business divorce litigation involving LLCs and limited partnerships....more

Trouble Down on the Farm: The Importance of Using Experienced Counsel When Forming an LLC

Farrell Fritz, P.C. on 6/18/2019

It’s commonly said there are three things that matter with real estate: location, location, location. Likewise, three things matter when choosing a lawyer to set up a limited liability company: experience,...more

Shareholder Oppression Requires More Than Denial of Access to Company Information

Farrell Fritz, P.C. on 4/9/2018

The family-owned business at the center of Vaccari v Vaccari, 2018 NY Slip Op 30546(U) [Sup Ct NY County Mar. 28, 2018], decided last month by veteran Manhattan Commercial Division Justice Eileen Bransten, is a classic...more