Remora Investments, L.L.C., 277 Va. 316, 319, 673 S.E.2d 845, 845 (2009)- The Supreme Court of Virginia recently decided that a member of a limited liability company (“LLC”) cannot pursue an individual claim against a fellow member and manager of the LLC unless the manager’s duties are imposed by contract or the operating agreement of the LLC.
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A Time of Giving – Tax Considerations
We are at the time of year when our thoughts turn to giving—of thanks and more tangible items. The musings here will not reflect upon charitable giving–that is for a later entry.