LLCs Do Not Have Families

 

LLCs Do Not Have Families

        Last year, I reported on the decision from a New York trial court to the effect, ultimately, that LLCs do not have families. That decision was Bell Stell 7 Park Ave. LLC v. Seven Park Avenue Corp., 2019 WL 7421760 (Sup. Ct. New York County Dec. 23, 2019); HERE is a link to that review.

        That decision has now been upheld. See Bell Stell 7 Park Ave. LLC v. Seven Park Avenue Corp., 190 A.D.3d 632, 2021 N.Y. Slip Op. 00487, 2021 WL 278142 (N.Y. Sup. Ct. App Div. 1^st Dept. Jan. 28, 2020).