Download PDF Mohsen Manesh* Despite much academic debate, it is now well settled that in Delaware at least, corporate law differs from unincorporated alternative entity law in one fundamental respect. Under Delaware corporate law, fiduciary duties are mandatory. These … [Read more...] about What is the Practical Importance of Default Rules under Delaware LLC and LP Law?
Download PDF Joshua P. Fershee* The limited liability company (LLC) has evolved from a little used entity option to become the leading business entity of choice. The primary impetus for this change was an Internal Revenue Service (IRS) determination in 1988 that … [Read more...] about LLCs and Corporations: A Fork in the Road in Delaware?