July 11, 2017

Charitable Trusts

For a trust to be considered charitable, it must have a stated charitable purpose and it must exist for the benefit of the community at large or for a class of persons the membership in which varies. For public-policy reasons, charitable trusts are usu...

July 11, 2017

Limited Liability Partnerships

A limited liability partnership (“LLP”) is a partnership in which a partner’s personal liability for obligations of the partnership is eliminated. To enjoy LLP status, the partnership must file a statement with the state. In other respects...

July 11, 2017

Closely Held and Close Corporations

The terms “closely held corporation” and “close corporation” are frequently used interchangeably to refer to a corporation with only a few shareholders and a more relaxed style of governance. Shareholders often serve as both directors...

July 11, 2017

Rule 65 of the Federal Rules of Civil Procedure and California Civil Code Section § 3368 allow for injunctive relief as a form of equitable relief that mandates a defendant to, or prohibits a defendant from performing a specific act. Injunctions are considered an extra...

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