Minimizing Liability of a Limited Liability Company Manager in a Real Estate Joint Venture

Delaware limited liability companies have become a popular vehicle for real estate joint ventures and preferred equity investments in real estate. As a manager, co-manager or managing member of an LLC, you may have certain duties and liabilities to your partners and to the company itself, even beyond those expressly set forth in the limited […]

Triggering the Buy-Sell: Considerations for invoking a buy-sell provision in a partnership dispute (Part 2)

This is Part 2 of a two-part series on triggering a buy-sell. This week we will consider three more factors to weigh when invoking a buy-sell in a partnership dispute. 1. Waterfall/Distributions As discussed in last week’s installment, the calculation of the purchase price for the partnership interests under the buy-sell often involves starting with […]

Triggering the Buy-Sell: Considerations for invoking a buy-sell provision in a partnership dispute (Part 1)

In a down market, partnership disputes tend to rear their heads with increasing frequency, and many partners begin looking for a way out[1]. One place they often turn is the buy-sell mechanism. But before pulling the trigger on a buy-sell, there are several things to consider in order to prepare for how the circumstances might […]