Updates and Insights from the team at Matthew Glick Legal Services.
Converting a corporation to an LLC can change critical protections for minority owners. Learn how a Delaware Court of Chancery case involving fiduciary duties, alleged self-dealing, and non-ratable benefits shows why owners and advisors should closely review governance, exculpation, and fiduciary-duty provisions before a corporate restructuring.
Read MoreA landmark Delaware M&A ruling shows the power of post-closing operational covenants. Learn how the Court of Chancery used mandatory injunctions, executive reinstatement, platform restoration, and earnout tolling to enforce bargained-for governance rights—and why buyers, founders, and deal counsel should pay close attention to operational control provisions in acquisition agreements.
Read MoreStarting as an LLC can delay valuable Qualified Small Business Stock (QSBS) tax benefits. Learn why converting to a C corporation later may restart the five-year QSBS holding period—and how choosing the right business entity early can help founders protect potentially significant federal tax savings when planning a future startup exit.
Read MoreBefore accepting LLC ownership, verify what it actually takes to become a member. This article explains how operating agreements, franchise restrictions, and proper documentation determine ownership rights. Learn why a handshake or side agreement may leave you with only a contract claim—not an ownership interest—in a New York LLC.
Read MoreA Delaware LLC deadlock claim failed because the operating agreement's governance structure allowed decisions without unanimous manager approval. Learn how management authority, voting rights, arbitration findings, and issue preclusion can determine whether a true deadlock exists. Key lessons for LLC owners on drafting operating agreements, allocating power, and avoiding costly business disputes.
Read MoreA written-consent requirement is not an impenetrable shield. Learn how the Delaware Court of Chancery applied the doctrine of acquiescence to bar an LLC member from challenging actions he helped implement for years. This case highlights key lessons for founders, LLC members, and business owners on governance, consent rights, and preserving legal objections.
Read MoreFrom Skadden to startup GC to founding MGLS, this journey reflects the realities of startup leadership, legal strategy, and entrepreneurship. Learn how working alongside founders through high-stakes decisions—from co-founder structuring to venture financing and exits—shaped a legal practice focused on business growth, governance, and real-world decision-making.
Read More
