Pacific Foods Accused of Being Under Valued $250 Million in Campbell Soup Co. Acquisition

Pacific Foods Accused of Being Under Valued $250 Million in Campbell Soup Co. Acquisition
Michael Lynch v. Pacific Foods of Oregon, Inc., et. al. involves the issue of valuing a closely-held family business and its ownership interests in the event of death or other trigger event (disability, divorce, etc.). I'm sure most everyone in the Northwest knows of Pacific Foods, the organic food processing company. In this case, one

What Does Limited Liability Actually Mean?

In business, most everyone has heard of a “limited liability company” or a corporation, which is a “limited liability entity” under State law. But, what does the term “limited liability” actually mean? “Limited liability” does NOT mean NO liability. But most people assume that when they file their entity application with the Secretary of State
Estate Planning with Limited Liability Companies and the Problem with California

Estate Planning with Limited Liability Companies and the Problem with California

In my estate planning practice, in certain circumstances, I utilize limited liability companies as a means of transferring investment assets, including real estate, to the beneficiaries under the client’s Last Will and Testament or Revocable Living Trust.  Aside from asset protection (protection from creditors and other third party claims), I recommend LLCs to avoid probate