Pricing LLC Membership Interest
How are LLC Membership Interests Valued? Suppose a borrower claims to have a successful limited liability company, LLC. He claims that his membership interest in this LLC is valuable collateral that he wants to pledge to obtain another commercial loan. How should the commercial lender approach valuation of the LLC’s membership interest in determining how […]
Uniform Fraudulent Transfer Act
Effective January 1, 1990, Illinois adopted the Uniform Fraudulent Transfer Act. “The purpose of the Uniform Fraudulent Transfer Act is to prevent fraudulent transfers of property by a debtor who intends to defraud creditors by placing assets beyond their reach.” Zurich American Insurance Co. v. Personnel Staffing Group, LLC, 2018 IL App (1st) 172281, ¶18, 105 N.E.3d […]
Help I Was In a Wreck!!! When Should I Call My Attorney?
What your attorney can do for you & When DO you need the Attorney with you!! We’ve all seen people and their cars on the shoulder of the road or blocking the intersection and the police are there investigating and directing traffic around a collision. There are three times having an Attorney assisting you in […]
