Little rights for non-member LLC owners

A recent case decision shows the risk involved in acquiring an ownership interest in a Limited Liability Company (LLC) but not being admitted as a member. Mary Doherty v Country Faire Conversion, LLC,  2020 IL App (1st) 192385 involved an LLC membership interest that was foreclosed on and the interest holder’s rights after that in…


Lecturing at a seminar entitled: Title Law: A to Z

June 14 2016 and June 15 2016, the National Business Institute will be holding a professional education seminar for attorneys on title insurance.  I will be giving a lecture on June 15.  My topics are Quiet Title lawsuits in Illinois and Drafting Documents to Cure Defects on title. Keil Larson


Forfeiture of a Corvette

Where are the modern day Robin Hoods  More and more our government acts like the king our forebears rebelled against many generations ago. The government subjugates ordinary citizens while leaving the powerful unscrupulous people alone. Here in Illinois the government confiscated a black 2005 Corvette because the owner was driving the car without a breath-alcohol…


Commercial Real Estate Broker Lien

Commercial Real Estate Broker (Realtor) Lien Act Realtors bring together  buyers and  sellers of real estate.  For this service, the seller normally pays a commission to the realtor.  At the closing of this transaction, the realtor then receives a big check. As with most things in life, sometimes things go awry.  Some transactions the owner…


When Secondhand Smoke Invades Your Home

Homeowners and renters can take action against cigarette-smoking neighbors. Non-smoking laws in public places have swept the nation, but until recently, if the smoke wafting into your house, condominium, or apartment from your neighbor’s cigarette bothered you, all you could do was move out. The situation is changing, however, and non-smokers bothered by their neighbors’…


How to form a corporation

To form your own corporation, you must take these essential steps. If you’ve sorted through the many types of business structures and decided to create a corporation, you’re facing a list of important — but manageable — tasks. Here’s what you must do: Choose an available business name that complies with your state’s corporation rules….


Neighbors and Noise

What’s Below: Are noisy neighbors breaking the law? How should I approach my neighbor about a noise problem? Can I sue a noisy neighbor? Isn’t my landlord supposed to keep noisy tenants quiet? My neighbor’s dog barks all the time, and it’s driving me crazy. What can I do? Are noisy neighbors breaking the law?…