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You might think that the Maryland statute was perfectly clear: Except as otherwise provided by this title, no member shall be personally liable for the obligations of the limited liability company, whether arising in contract, tort or otherwise, solely by reason of being a member of the limited liability company. The only ... More
You have agreed to go on the Board of a corporation that will be the general partner of a limited partnership. You know that the corporation, as general partner, owes fiduciary duties to the limited partnership and its partners. You also know that you, as a director, owe fiduciary duties ... More
Introduction In Part I and II of this three-part series, I reviewed the differences between individual sports performers and team sports performers and how those differences affect the strategies that an athlete representative employs in their representation of such athletes. I also reviewed the key ingredients that make up a marketable ... More
The second part of this series will review the typical model for compensating an individual sports performer through sponsorships and endorsements and how a representative of such an athlete should move forward in assessing his client’s marketability. The Process of Negotiating and Drafting Sponsorship Agreements Sponsorship Agreement Basics The primary source of ... More
Introduction There are several fundamental differences between team sport performers (“TSP”) and individual sport performers (‘ISP”). Representation of these athletes should reflect these differences. This three-part series will provide you with some background as to how ISPs and TSPs differ and how those differences play a key role in their marketing decisions ... More
When a claimant files for unemployment benefits, a claims examiner will contact both the employer and the claimant by telephone to get both sides of the story as to the reason for the separation from unemployment. Typically, the issue is whether the claimant engaged in misconduct, gross misconduct, or voluntarily ... More
One day your next door neighbor approaches you and asks you for a right-of-way over your property for a driveway to her house. Should you say, yes, no, maybe or I don’t know? As with most legal issues, the answer is “it depends” In this case it depends on the ... More
You may have heard that last December Congress passed and President Obama signed the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Authorization Act,” which made substantial changes to Federal Estate and Gift Tax laws. The Act increased the unified Estate Tax credit resulting in an increase of the exemption ... More
Many people know that Delaware is the most popular jurisdiction in which to incorporate or to organize most forms of businesses. The reasons for Delaware’s advantages over other jurisdictions are hard to pin down. There is a general feeling that Delaware law is more modern or otherwise favorable to businesses ... More
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