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Full-Text Articles in Law
Making The Case For The Uniform Limited Liability Company Act (2013) In Arkansas, Carol Goforth
Making The Case For The Uniform Limited Liability Company Act (2013) In Arkansas, Carol Goforth
University of Arkansas at Little Rock Law Review
No abstract provided.
Partnership Tax Allocations: The Basics, Walter D. Schwidetzky
Partnership Tax Allocations: The Basics, Walter D. Schwidetzky
All Faculty Scholarship
This article endeavors to help practitioners who are not partnership tax allocation experts identify when they should consult with those with that expertise. The partnership-allocation Treasury Regulations have been called "a creation of prodigious complexity ... essentially impenetrable to all but those with the time, talent, and determination to become thoroughly prepared experts on the subject." This article is written for those, to date at least, without that time and determination. At the same time, the article provides an introduction to the partnership tax allocation rules for those contemplating making the requisite investment of time and determination.
The term "partnership," …
How Many #Followers Do You Have?: Evaluating The Rise Of Social Media And Issues Concerning In Re Ctli’S Determination That Social Media Accounts Are Property Of The Estate, Patricia A. Leeson
How Many #Followers Do You Have?: Evaluating The Rise Of Social Media And Issues Concerning In Re Ctli’S Determination That Social Media Accounts Are Property Of The Estate, Patricia A. Leeson
Catholic University Law Review
With the rise of social media use, legal disputes have surfaced with litigants looking to the courts to determine issues of ownership and legal authority. As a matter of first impression, a U.S. Bankruptcy Court in Texas held that a Twitter and Facebook social media account were to be regarded as property of the estate pursuant to Section 541 of the Bankruptcy Code. The court analogized the social media accounts to subscriber lists because they provide valuable access to customers. Although the court addressed the question of whether social media applications are to be regarded as property in bankruptcy proceedings, …
Don’T Dabble In Delaware, Daniel S. Kleinberger
Don’T Dabble In Delaware, Daniel S. Kleinberger
Faculty Scholarship
When a litigator argues for a particular choice of law, the litigator seeks retrospectively the law most favorable to a particular claim or claims. When a business lawyer chooses a state of formation for a business entity, the lawyer seeks prospectively the governing law whose characteristics most favor the client’s interests.
Although in particular situations one characteristic may dominate, in general the business lawyer should look for governing law that is clear, comprehensive, coherent, accessible, and stable (or at least predictable). With these five metrics in mind, this column explains why lawyers forming limited liability companies should not dabble in …
Delineating The Implied Covenant And Providing For “Good Faith”, Daniel S. Kleinberger
Delineating The Implied Covenant And Providing For “Good Faith”, Daniel S. Kleinberger
Faculty Scholarship
This column considers whether an operating or partnership agreement can delineate the implied contractual obligation, comparing ULLCA and the Delaware Act, and then warns of the dangers of carelessly imposing by contract an express requirement of "good faith."