Corporations and LLCs both provide their shareholders and members with limited liability to operate a for-profit business, and while these two forms of business entities are similar in many ways, they also have some important differences. For example, there are key distinctions between corporations and LLCs in their ability to modify or eliminate the fiduciary
Brian Gillett is a trial attorney with experience handling high-stakes, complex commercial matters on both the plaintiff and defense sides at all stages of litigation in state and federal court and arbitration proceedings, from discovery through trial and appeal. Brian’s practice focuses on business litigation matters, including disputes involving claims for breach of contract, fraud, and breaches of fiduciary duties. He has litigated both individual and class claims involving oil and gas disputes, intellectual property theft and infringement, and antitrust.
Letter from the Editors
By Ladd Hirsch & Brian Gillett on
Posted in Announcements
Private company business owners and investors face a host of challenges in the marketplace in their efforts to make their companies a success. As a result, they are often blindsided when they must suddenly deal with conflicts that arise with their business partners, which may be serious enough to threaten the company’s continued existence. Indeed…
Avoiding the Pitfalls of Assigning an Interest in an LLC
By Brian Gillett on
Posted in Limited Liability Company
One of the goals in a business divorce is finality – ending a business relationship once and for all. But what if the end isn’t really the end?
When members of limited liability companies (LLCs) sell their interests in the LLCs to a third party, they may assume that the sale provides the desired end…