• Fiduciary Duties Owed by Partners in Partnerships

    Gregory G. Brown, named one of OC Metro's 2012 Top Business Attorneys in Orange County, discusses one of the most misunderstood topics in business law - The Importance of Fiduciary Duties in Partnerships. If this video helped you, please let us know and LIKE it!

    published: 15 Aug 2012
  • New York Partner Fiduciary Duties in a Shareholder or Partnership Dispute

    800.976.4904 http://www.franchiselawsolutions.com/reports/the-new-york-and-new-jersey-partnership-dispute-guide.cfm - If you are a New York business owner involved in a partnership dispute it's important you understand the fiduciary duties and obligations that each partner owes to one another under New York business law. For more information on New York partnership disputes request a complimentary copy of "The New York and New Jersey Partnership Dispute Guide".

    published: 05 Sep 2012
  • Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

    published: 23 Jun 2016
  • Business Law II - Professor Sharma (Lecture 8, Chapter 39 - 04.11.2015)

    Business Law II: Professor Sharma Lecture #8, Chapter 39 Chapter 39: Limited Liability Companies and Limited Liability Partnerships Date: April 11, 2015 Please visit our website at http://raw.rutgers.edu Time Stamps: 1:01 Limited Liability Company (LLC) 3:12 Uniform Limited Liability Company Act 4:07 Taxation of LLCs 5:13 Formation of an LLC 6:10 Articles of Organization 7:03 Exhibit 39.2: Limited Liability Company (LLC) 8:25 Case 39.1: Limited Liability Company 10:00 Liability of Managers 12:30 Management of an LLC 14:40 Compensation and Reimbursement 16:03 Agency Authority to Bind an LLC to Contracts 17:14 Fiduciary Duties to the LLC 17:31 Duty of Loyalty 18:03 Duty of Care 19:48 No Fiduciary Duty 20:28 Dissolution of an LLC 21:19 Payment of Distributional Interest 2...

    published: 21 Apr 2015
  • New Jersey Partner Fiduciary Duties in Shareholder and Partnership Disputes

    - http://www.franchiselawsolutions.com/reports/the-new-york-and-new-jersey-partnership-dispute-guide.cfm If you are involved in a New Jersey partnership, shareholder or member dispute you may have questions about fiduciary duties and rights. These are legal obligations that every partner owes to the other. It is important to know how fiduciary duties and rights in New Jersey affect your partnership dispute. For more information request a complimentary copy of Charles Internicola, Esq's book "The New York and New Jersey Partnership Dispute Guide".

    published: 05 Sep 2012
  • Legal Action when Fiduciary Duties are Breached

    Victor Look, Esq. is a partner at Look Law FOR MORE EXPERT CONTENT VISIT: http://www.docstoc.com/resources/videos Docstoc is the largest online collection of business and legal documents to help you grow and manage your small business and professional life.

    published: 23 Aug 2011
  • Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

    published: 16 Sep 2016
  • NC LLC Partners - Fiduciary Duty.mov

    In this short video blog, Attorney Jason A. McGrath discusses whether a partner (member) in a North Carolina limited liabililty company (LLC) owes a fiduciary duty to other partners (members). This is one of the more common questions that Mr. McGrath is asked by his business law clients. www.mcgrathspielberger.com If you are in North Carolina, South Carolina, Georgia, Florida or Tennessee please fill out our confidential client intake form for legal assistance. http://mcgrathspielberger.com/contact-us

    published: 13 Jan 2012
  • What Constitutes A Breach Of Fiduciary Duty?

    His or her beneficiaries are entitled to damages, even if 5 jul 2017 is this acting in the 'best interests' of trust it a breach trust? To go ahead with it, there wouldn't be fiduciary duty broad concept that may arise many differ ent situations. Breach of fiduciary duty law and legal definition breach definitions. Googleusercontent search. What constitutes breach of fiduciary duty? . You can learn more by reading our blog post!. Uslegal b breach of fiduciary duty url? Q webcache. All of the lawinfo offers free legal information on breach fiduciary duty, financial monetary crime based claim for duty may be brought in federal courtalthough relationship is difficult to define and most directors other officers a company are considered have breached their duties when they fail make business ...

    published: 13 Aug 2017
  • Business Laws : What Is a Fiduciary Duty?

    A fiduciary duty in business is a service relationship where an individual who owes a duty to a person empowering the trust, performs a service. Understand how a fiduciary relationship contemplates a duty of the empowered individual with tips from a lawyer in this free video on business law. Expert: Robert M. Todd Contact: www.wearehdtv.com Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. Filmmaker: Christopher Rokosz

    published: 01 Nov 2008
  • Breach of Fiduciary Duty in Business

    Business partners owe duties to each other and the partnership. They include duty of care, duty of loyalty, duty of obedience and duty of good faith and fair dealing. If this video helped you, please LIKE it!

    published: 18 Aug 2014
  • IRS Form 56: Notice concerning Fiduciary Relationship

    In the event of you possessing a SS card, you are in the "Realm" of financial compromise... However, that's only when you allow yourself to be placed in a capacity of a "trade operating in business" (vessel) by filing a 1040... Little do you know a general partnership has been created in regards to your standing in law... When you were born you were considered "Civiliter Mortuus" meaning Civilly dead! Correct your Status and act as a fiduciary and stop acting like a "Strawman without a brain" (allegory of the Wizard of OZ)... Disclaimer: This does not constitute Legal advice nor is it antigoverment. The sole purpose is for educational and informational use only.

    published: 08 Feb 2017
  • What is a fiduciary duty?

    Arthur Jones, The Arthur Firm, (786) 228-7005. Florida Business Litigation Law FAQs: http://thelaw.tv/miami/Business+Litigation+Law Disclaimer: http://thelaw.tv/miami/a/d/

    published: 10 Jan 2013
  • McAuliffe: I Have A Fiduciary Duty To My Shareholders

    published: 06 Apr 2013
  • The Five Minute Legal Master Series: Fiduciary Duties of Officers or Directors of a Corporation

    In this episode, Kirk B. Burkley, Co-Managing Partner with Bernstein-Burkley, discusses the primary fiduciary responsibilities owed by officers and directors of a corporation: Duty of Loyalty and Duty of Care.

    published: 16 Feb 2017
  • Duties within a Partnership

    This video provides a brief introduction to the duties owed by partners in a partnership. Find more free resources at JMG | TheBusinessProfessor (www.TheBusinessProfessor.com)

    published: 25 Feb 2015
  • What is a fiduciary duty? - VLF Video Educational Series

    Charles Vethan: Hi, I’m Charles Vethan. Welcome to the Vethan Law Firm P.C.’s Video Educational Series. Today’s topic is fiduciary duty. Joseph Colvin: Whether the client has been sued or is looking to initiate litigation. Oftentimes the first question they asked us is what is fiduciary duty, after we bring up that terminology in a conversation. At its heart a fiduciary duty is a relationship of confidence and trust that the law and common sense instills in a person based on a special obligation they have to another person. Charles: Joseph when you are talking about fiduciary duty, not every relationship in a company has a fiduciary duty. Typically, we see a fiduciary duty with directors, officers with the company, senior management. And you may have some employees who owe the company a ...

    published: 29 Aug 2014
  • Breach of Fiduciary Duty in Close Corporations and Partnerships - Attorney Sammy Ford

    It’s not uncommon for two or more friends to decide to start a business, but if you aren’t careful this can cause problems. That’s because in Texas any time two or more people decide to carry on a for-profit business it’s considered a partnership. It doesn’t matter if you intend to create a partnership or if you call your business a partnership. This is important because partners owe to the partnership certain obligations, including the duty of good faith, and being fair, loyal, and honest to the partnership and the fellow partners. Any partner who does not live up to these obligations can be held accountable by the partnership.

    published: 31 Jul 2012
  • Corporation Partnership Fiduciary Filled In Tax Return Forms 2007

    published: 24 Jan 2017
  • The Role of the Professional Fiduciary, Part 1

    Michael Gray interviews Richard Lambie (a professional fiduciary) about why people should hire a professional fiduciary to handle their estates. What is the benefit of working with a bank or an individual fiduciary instead of a family member? What are the standards and oversight for professionals? Recorded for the Financial Insider Weekly, part one of three.

    published: 11 Sep 2009
  • What is MASTER LIMITED PARTNERSHIP? What does MASTER LIMITED PARTNERSHIP mean?

    What is MASTER LIMITED PARTNERSHIP? What does MASTER LIMITED PARTNERSHIP mean? MASTER LIMITED PARTNERSHIP meaning - MASTER LIMITED PARTNERSHIP definition - MASTER LIMITED PARTNERSHIP explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In the United States, a master limited partnership (MLP) is a limited partnership that is publicly traded, also known as a publicly traded partnership. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. To obtain the tax benefits of a pass through, MLPs must generate at least 90% or more of their income from qualifying sources such as from production, processing, storage, and transportation of depletable natural resources and minerals. In add...

    published: 25 May 2017
  • PEI-Shield - A Complete Fiduciary Protection Program.

    Constant changes to regulations leave plan fiduciaries with a growing list of challenges. These burdens increase the risk of fiduciary breaches and subsequent litigation. PEI has a way with its PEI-Shield to protect you from these burdens. PEI-Shield is a complete fiduciary protection program. It is powered by a professional team of conflict-free experts that work with you to develop a customized solution that meets your plan's specific fiduciary requirements. In this way committees achieve one of the highest levels of fiduciary security, exactly what you need in today's litigious environment.

    published: 09 Dec 2014
  • Fiduciary Duty

    published: 01 Oct 2009
  • Business Associations tutorial: Rights and Obligations of Partners | quimbee.com

    A brief excerpt from Quimbee's tutorial video on the fiduciary duties owed by the partners to the partnership and the other partners; the partners’ right to manage the business; rights to share in profits and receive payment from the partnership; and disputes between partners. Watch more at https://www.quimbee.com/courses/18/tutorials/86. This video is just one of five videos in our "Partnerships" tutorial, in which you'll learn about the formation of partnerships, the rights and duties of partners, the liabilities to third parties, and what happens when a partnership ends. "Partnerships" table of contents: 1. Partnership Formation 2. Rights and Obligations of Partners 3. Liabilities to Third Parties 4. Dissolution and Winding Up of Partnerships 5. Limited Partnerships The "Partnership...

    published: 28 Jul 2014
Fiduciary Duties Owed by Partners in Partnerships

Fiduciary Duties Owed by Partners in Partnerships

  • Order:
  • Duration: 0:45
  • Updated: 15 Aug 2012
  • views: 273
videos
Gregory G. Brown, named one of OC Metro's 2012 Top Business Attorneys in Orange County, discusses one of the most misunderstood topics in business law - The Importance of Fiduciary Duties in Partnerships. If this video helped you, please let us know and LIKE it!
https://wn.com/Fiduciary_Duties_Owed_By_Partners_In_Partnerships
New York Partner Fiduciary Duties in a Shareholder or Partnership Dispute

New York Partner Fiduciary Duties in a Shareholder or Partnership Dispute

  • Order:
  • Duration: 2:38
  • Updated: 05 Sep 2012
  • views: 120
videos
800.976.4904 http://www.franchiselawsolutions.com/reports/the-new-york-and-new-jersey-partnership-dispute-guide.cfm - If you are a New York business owner involved in a partnership dispute it's important you understand the fiduciary duties and obligations that each partner owes to one another under New York business law. For more information on New York partnership disputes request a complimentary copy of "The New York and New Jersey Partnership Dispute Guide".
https://wn.com/New_York_Partner_Fiduciary_Duties_In_A_Shareholder_Or_Partnership_Dispute
Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

  • Order:
  • Duration: 0:15
  • Updated: 23 Jun 2016
  • views: 10
videos
https://wn.com/Fiduciary_Obligation,_Agency,_And_Partnership_Duties_In_Ongoing_Business_Relationships_American_Case
Business Law II - Professor Sharma (Lecture 8, Chapter 39 - 04.11.2015)

Business Law II - Professor Sharma (Lecture 8, Chapter 39 - 04.11.2015)

  • Order:
  • Duration: 29:33
  • Updated: 21 Apr 2015
  • views: 1922
videos
Business Law II: Professor Sharma Lecture #8, Chapter 39 Chapter 39: Limited Liability Companies and Limited Liability Partnerships Date: April 11, 2015 Please visit our website at http://raw.rutgers.edu Time Stamps: 1:01 Limited Liability Company (LLC) 3:12 Uniform Limited Liability Company Act 4:07 Taxation of LLCs 5:13 Formation of an LLC 6:10 Articles of Organization 7:03 Exhibit 39.2: Limited Liability Company (LLC) 8:25 Case 39.1: Limited Liability Company 10:00 Liability of Managers 12:30 Management of an LLC 14:40 Compensation and Reimbursement 16:03 Agency Authority to Bind an LLC to Contracts 17:14 Fiduciary Duties to the LLC 17:31 Duty of Loyalty 18:03 Duty of Care 19:48 No Fiduciary Duty 20:28 Dissolution of an LLC 21:19 Payment of Distributional Interest 22:43 Continuation of a Term LLC 23:46 Articles of Termination 24:54 Limited Liability Partnership (LLP) 25:30 Articles of Partnership 26:26 Exhibit 39.3: Limited Liability Partnership (LLP) 26:56 Taxation of LLPs 27:08 Limited Liability of Partners Summary of Lecture: Limited liability corporation is an unincorporated business entity that combines the most favorable attributes of general partnerships, limited partnerships, and corporations. The Uniform Limited Liability Company Act is a model act that provides comprehensive and uniform laws for the formation, operation, and dissolution of LLCs. LLC is taxed as a partnership unless it elects to be taxed as a corporation. An LLC may be organized to operate businesses, and can be organized in only one state even though it can conduct business in all other states. Articles of organization are the formal documents that must be filed at the Secretary of State's office of the state of organization of an LLC to form the LLC. Managers are not personally liable for the debts, obligations, and liabilities of the LLC they manage. A tortfeasor is a person who intentionally or unintentionally causes injury or death to another person. Nonmanager members are not entitled to remuneration except for winding-up the LLC. Managers of LLC are paid compensation and benefits. LLC is obligated to reimburse members and managers for payments made on behalf of the LLC. A nonmanager member of a manager-managed LLC owned no fiduciary duty of loyalty or duty of care to the LLC or its members. Duty of loyalty is a duty owed by a member of a member-managed LLC and a manager of a manager-managed LLC to be honest in his or her dealings with the LLC and not act adversely to the interests of the LLC. Duty of care is a duty owed by a member of a member-managed LLC and a manager of a manager-managed LLC not to engage in a known violation of law, intentional conduct, reckless conduct, or grossly negligent conduct that injures the LLC. Dissolution of an LLC is when a member has the power to withdraw from the LLC unless otherwise stated in the operating agreement. Wrongful disassociation is when a member withdraws from a term LLC prior to the expiration of the term or an at-will LLC when the operating agreement eliminates a member's power to withdraw. There is no wrongful disassociation because the LLC must purchase the disassociated member's distributional interest. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
https://wn.com/Business_Law_Ii_Professor_Sharma_(Lecture_8,_Chapter_39_04.11.2015)
New Jersey Partner Fiduciary Duties in Shareholder and Partnership Disputes

New Jersey Partner Fiduciary Duties in Shareholder and Partnership Disputes

  • Order:
  • Duration: 2:32
  • Updated: 05 Sep 2012
  • views: 66
videos
- http://www.franchiselawsolutions.com/reports/the-new-york-and-new-jersey-partnership-dispute-guide.cfm If you are involved in a New Jersey partnership, shareholder or member dispute you may have questions about fiduciary duties and rights. These are legal obligations that every partner owes to the other. It is important to know how fiduciary duties and rights in New Jersey affect your partnership dispute. For more information request a complimentary copy of Charles Internicola, Esq's book "The New York and New Jersey Partnership Dispute Guide".
https://wn.com/New_Jersey_Partner_Fiduciary_Duties_In_Shareholder_And_Partnership_Disputes
Legal Action when Fiduciary Duties are Breached

Legal Action when Fiduciary Duties are Breached

  • Order:
  • Duration: 2:00
  • Updated: 23 Aug 2011
  • views: 474
videos
Victor Look, Esq. is a partner at Look Law FOR MORE EXPERT CONTENT VISIT: http://www.docstoc.com/resources/videos Docstoc is the largest online collection of business and legal documents to help you grow and manage your small business and professional life.
https://wn.com/Legal_Action_When_Fiduciary_Duties_Are_Breached
Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships American Case

  • Order:
  • Duration: 0:20
  • Updated: 16 Sep 2016
  • views: 5
videos
https://wn.com/Fiduciary_Obligation,_Agency,_And_Partnership_Duties_In_Ongoing_Business_Relationships_American_Case
NC LLC Partners - Fiduciary Duty.mov

NC LLC Partners - Fiduciary Duty.mov

  • Order:
  • Duration: 2:42
  • Updated: 13 Jan 2012
  • views: 225
videos
In this short video blog, Attorney Jason A. McGrath discusses whether a partner (member) in a North Carolina limited liabililty company (LLC) owes a fiduciary duty to other partners (members). This is one of the more common questions that Mr. McGrath is asked by his business law clients. www.mcgrathspielberger.com If you are in North Carolina, South Carolina, Georgia, Florida or Tennessee please fill out our confidential client intake form for legal assistance. http://mcgrathspielberger.com/contact-us
https://wn.com/Nc_Llc_Partners_Fiduciary_Duty.Mov
What Constitutes A Breach Of Fiduciary Duty?

What Constitutes A Breach Of Fiduciary Duty?

  • Order:
  • Duration: 0:45
  • Updated: 13 Aug 2017
  • views: 0
videos
His or her beneficiaries are entitled to damages, even if 5 jul 2017 is this acting in the 'best interests' of trust it a breach trust? To go ahead with it, there wouldn't be fiduciary duty broad concept that may arise many differ ent situations. Breach of fiduciary duty law and legal definition breach definitions. Googleusercontent search. What constitutes breach of fiduciary duty? . You can learn more by reading our blog post!. Uslegal b breach of fiduciary duty url? Q webcache. All of the lawinfo offers free legal information on breach fiduciary duty, financial monetary crime based claim for duty may be brought in federal courtalthough relationship is difficult to define and most directors other officers a company are considered have breached their duties when they fail make business judgment good faith if an individual breaches duties, he or she would need account ill gotten profit. Breach of fiduciary duty law and legal definition. When it comes to defining a fiduciary relationship, the meaning begins with fact that 6 sep 2013 find out what breach of is and legal remedies are available address. What are some examples of fiduciary duty? How to handle a breach duty in business partnership. Law of fiduciary obligation the canadian encyclopedia. Breach of fiduciary duty meaning in the cambridge english dictionary. Daniel r breach of fiduciary duty what are the elements in new york? . A person acting in a fiduciary capacity is held to high standard of honesty and full disclosure regard the client must not obtain personal benefit at expense 4 jan 2017 understanding basics relationship some cases, breach duty could be considered fraud these include theft, occurs when acts interest themselves, rather than best employer or principal. Breach of fiduciary duties american bar association. As a fiduciary, you can't use the principal for your own personal advantage when one party has an obligation to act in best interest of another party, such as corporate board member's duty company's shareholders, it is conduct by fiduciary may be deemed constructive omissions or concealments considered fraudulent and that gives breach occur insider trading, what does responsibility mean law? The duties include loyalty reasonable care assets within custody. Uslegal, inc what constitutes breach of fiduciary duty? . What is a breach of fiduciary duty and how to avoid it. Directors are typically considered to be interested if they. A fiduciary duty is an obligation to act in the best interest of another party. Nov 2014 in new york, order to establish a breach of fiduciary duty, plaintiff must prove the existence relationship, misconduct by 16 dec 2013 as well, with view deterring any improperly obtained profit will be remitted beneficiaryBreach duty law and legal definition. A fiduciary's actions must be free of conflicts interest and self dealing. Uslegal, inc breach of fiduciary duty law and legal definition. Appear on breach of fiduciary duty meaning, definition, what
https://wn.com/What_Constitutes_A_Breach_Of_Fiduciary_Duty
Business Laws : What Is a Fiduciary Duty?

Business Laws : What Is a Fiduciary Duty?

  • Order:
  • Duration: 1:30
  • Updated: 01 Nov 2008
  • views: 6312
videos
A fiduciary duty in business is a service relationship where an individual who owes a duty to a person empowering the trust, performs a service. Understand how a fiduciary relationship contemplates a duty of the empowered individual with tips from a lawyer in this free video on business law. Expert: Robert M. Todd Contact: www.wearehdtv.com Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions. Filmmaker: Christopher Rokosz
https://wn.com/Business_Laws_What_Is_A_Fiduciary_Duty
Breach of Fiduciary Duty in Business

Breach of Fiduciary Duty in Business

  • Order:
  • Duration: 0:55
  • Updated: 18 Aug 2014
  • views: 408
videos
Business partners owe duties to each other and the partnership. They include duty of care, duty of loyalty, duty of obedience and duty of good faith and fair dealing. If this video helped you, please LIKE it!
https://wn.com/Breach_Of_Fiduciary_Duty_In_Business
IRS Form 56: Notice concerning Fiduciary Relationship

IRS Form 56: Notice concerning Fiduciary Relationship

  • Order:
  • Duration: 9:55
  • Updated: 08 Feb 2017
  • views: 6070
videos
In the event of you possessing a SS card, you are in the "Realm" of financial compromise... However, that's only when you allow yourself to be placed in a capacity of a "trade operating in business" (vessel) by filing a 1040... Little do you know a general partnership has been created in regards to your standing in law... When you were born you were considered "Civiliter Mortuus" meaning Civilly dead! Correct your Status and act as a fiduciary and stop acting like a "Strawman without a brain" (allegory of the Wizard of OZ)... Disclaimer: This does not constitute Legal advice nor is it antigoverment. The sole purpose is for educational and informational use only.
https://wn.com/Irs_Form_56_Notice_Concerning_Fiduciary_Relationship
What is a fiduciary duty?

What is a fiduciary duty?

  • Order:
  • Duration: 0:54
  • Updated: 10 Jan 2013
  • views: 35
videos
Arthur Jones, The Arthur Firm, (786) 228-7005. Florida Business Litigation Law FAQs: http://thelaw.tv/miami/Business+Litigation+Law Disclaimer: http://thelaw.tv/miami/a/d/
https://wn.com/What_Is_A_Fiduciary_Duty
McAuliffe: I Have A Fiduciary Duty To My Shareholders

McAuliffe: I Have A Fiduciary Duty To My Shareholders

  • Order:
  • Duration: 0:40
  • Updated: 06 Apr 2013
  • views: 58
videos
https://wn.com/Mcauliffe_I_Have_A_Fiduciary_Duty_To_My_Shareholders
The Five Minute Legal Master Series: Fiduciary Duties of Officers or Directors of a Corporation

The Five Minute Legal Master Series: Fiduciary Duties of Officers or Directors of a Corporation

  • Order:
  • Duration: 5:07
  • Updated: 16 Feb 2017
  • views: 115
videos
In this episode, Kirk B. Burkley, Co-Managing Partner with Bernstein-Burkley, discusses the primary fiduciary responsibilities owed by officers and directors of a corporation: Duty of Loyalty and Duty of Care.
https://wn.com/The_Five_Minute_Legal_Master_Series_Fiduciary_Duties_Of_Officers_Or_Directors_Of_A_Corporation
Duties within a Partnership

Duties within a Partnership

  • Order:
  • Duration: 3:19
  • Updated: 25 Feb 2015
  • views: 98
videos
This video provides a brief introduction to the duties owed by partners in a partnership. Find more free resources at JMG | TheBusinessProfessor (www.TheBusinessProfessor.com)
https://wn.com/Duties_Within_A_Partnership
What is a fiduciary duty? - VLF Video Educational Series

What is a fiduciary duty? - VLF Video Educational Series

  • Order:
  • Duration: 3:44
  • Updated: 29 Aug 2014
  • views: 264
videos
Charles Vethan: Hi, I’m Charles Vethan. Welcome to the Vethan Law Firm P.C.’s Video Educational Series. Today’s topic is fiduciary duty. Joseph Colvin: Whether the client has been sued or is looking to initiate litigation. Oftentimes the first question they asked us is what is fiduciary duty, after we bring up that terminology in a conversation. At its heart a fiduciary duty is a relationship of confidence and trust that the law and common sense instills in a person based on a special obligation they have to another person. Charles: Joseph when you are talking about fiduciary duty, not every relationship in a company has a fiduciary duty. Typically, we see a fiduciary duty with directors, officers with the company, senior management. And you may have some employees who owe the company a fiduciary duty, if they are entrusted as you stated, with the secrets of the company or if they are in a position that can direct company operations. Joseph: Charles as you recall there is a series of cases where even a familiar relationship in an informal situation, the law could impose a fiduciary duty. I think behooves us to give some examples right now. Charles: The whole concept of being a fiduciary is one of trust and confidence. Typically, in an informal situation, you’ll see a fiduciary relationship between individuals who place a great amount of trust in each other, for example, lawyers and clients, doctors and patients and priests, parishioners. This concept has also expanded to a business or company setting. Joseph: You’ll see that primarily in officers and directors of corporations. The reason the law imposes a fiduciary relationship is because company’s while they are recognized as persons under the law can’t defend themselves like a normal human person. They need representatives in the world to act for them. Charles: What are people looking at if they believe that there has been a breach of fiduciary duty at the company or the partnership that they are involved with, what are some factors that would typically indicate that they have a claim? Joseph: Some of the factors involve self-dealing for example. What you might see as a majority shareholder taking a loan from the company on behalf of himself. You might also see a situation, where a key sales employee takes a kickback from a vendor. While the contract might be up for a market value, he is choosing that vendor because he is receiving a special benefit. Charles: On all these claims, it seems to me that there is a undertone if you will that the person who is reaching their fiduciary duty is feathering his or her own next at the expense of the company or the business. Joseph: Yes, this comes up in shareholder disputes and partnership disputes. It’s very important to know who has the ability to bring a claim in court, whereas normally if you get by a car, it’s your right to sue. If a company has been potentially abused by a majority shareholder or an officer or director, sometimes the minority shareholder may not have the right to sue. That’s why the law gives you a special standing of derivative proceeding. Charles: In a derivative proceeding Joseph, we are talking about a lawsuit that a minority shareholder or partner brings against the abuser on behalf of the business. Joseph: Exactly. Charles: Well, if you need more information on Fiduciary duty, please visit our website at www.vethanlaw.com.
https://wn.com/What_Is_A_Fiduciary_Duty_Vlf_Video_Educational_Series
Breach of Fiduciary Duty in Close Corporations and Partnerships - Attorney Sammy Ford

Breach of Fiduciary Duty in Close Corporations and Partnerships - Attorney Sammy Ford

  • Order:
  • Duration: 0:43
  • Updated: 31 Jul 2012
  • views: 258
videos
It’s not uncommon for two or more friends to decide to start a business, but if you aren’t careful this can cause problems. That’s because in Texas any time two or more people decide to carry on a for-profit business it’s considered a partnership. It doesn’t matter if you intend to create a partnership or if you call your business a partnership. This is important because partners owe to the partnership certain obligations, including the duty of good faith, and being fair, loyal, and honest to the partnership and the fellow partners. Any partner who does not live up to these obligations can be held accountable by the partnership.
https://wn.com/Breach_Of_Fiduciary_Duty_In_Close_Corporations_And_Partnerships_Attorney_Sammy_Ford
Corporation   Partnership   Fiduciary Filled In Tax Return Forms 2007

Corporation Partnership Fiduciary Filled In Tax Return Forms 2007

  • Order:
  • Duration: 0:21
  • Updated: 24 Jan 2017
  • views: 0
videos
https://wn.com/Corporation_Partnership_Fiduciary_Filled_In_Tax_Return_Forms_2007
The Role of the Professional Fiduciary, Part 1

The Role of the Professional Fiduciary, Part 1

  • Order:
  • Duration: 9:18
  • Updated: 11 Sep 2009
  • views: 352
videos
Michael Gray interviews Richard Lambie (a professional fiduciary) about why people should hire a professional fiduciary to handle their estates. What is the benefit of working with a bank or an individual fiduciary instead of a family member? What are the standards and oversight for professionals? Recorded for the Financial Insider Weekly, part one of three.
https://wn.com/The_Role_Of_The_Professional_Fiduciary,_Part_1
What is MASTER LIMITED PARTNERSHIP? What does MASTER LIMITED PARTNERSHIP mean?

What is MASTER LIMITED PARTNERSHIP? What does MASTER LIMITED PARTNERSHIP mean?

  • Order:
  • Duration: 4:41
  • Updated: 25 May 2017
  • views: 105
videos
What is MASTER LIMITED PARTNERSHIP? What does MASTER LIMITED PARTNERSHIP mean? MASTER LIMITED PARTNERSHIP meaning - MASTER LIMITED PARTNERSHIP definition - MASTER LIMITED PARTNERSHIP explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In the United States, a master limited partnership (MLP) is a limited partnership that is publicly traded, also known as a publicly traded partnership. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. To obtain the tax benefits of a pass through, MLPs must generate at least 90% or more of their income from qualifying sources such as from production, processing, storage, and transportation of depletable natural resources and minerals. In addition, real property rents also qualify. In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV. Even the Boston Celtics basketball team became an MLP. Section 7704 of the Revenue Act of 1987 limited which businesses could be MLPs, delineating that an MLP must earn at least 90% of its gross income from qualifying sources, which were strictly defined as the transportation, processing, storage, and production of natural resources and minerals. In the decades since the IRS has issued Private Letter Rulings which further clarify and define which activities generate qualifying income and which do not Like all partnerships, MLPs have two classes of ownership: the general partner(s) which make the decisions, and the limited partners which contribute funds and participate in the economics. The general partner owes no fiduciary duty to the limited partners; however, many MLPs have incentive distribution rights, which are designed to align the interests of all parties. MLPs pay their investors through quarterly required distributions, the amount of which is stated in the partnership agreement, or contract, between the limited partners (the investors) and the general partner (the managers). The distribution paid by MLPs is equivalent to the dividend paid by C corporations. In the partnership agreement, the distribution is typically defined as all available cash flow, less a reserve which is determined by the general partner. Typically, the higher the quarterly distributions paid to limited partners, the higher the management fee paid to the general partner. This provides the general partner with an incentive to maximize distributions through pursuing income-producing acquisitions and organic growth projects. In addition to the traditional governance committees, an MLP often has a conflicts committee composed of two or more independent directors. This committee reviews specific matters as authorized by the Board of Directors that may involve conflicts of interest. Because MLPs are not subject to corporate taxation, they act as pass-through entities. Limited partners may also record a pro-rated share of the MLP's depreciation on their own tax forms to reduce liability. This means that all items on an MLP's income statement flow through to the investors who pay taxes on their individual portion at their individual income tax rates. As depreciation typically exceeds income, the majority of an investor’s distribution serves to reduce the cost basis of the investment, which reduces the taxes owed in the current year. Instead of a Form 1099, MLP investors receive a Schedule K-1 tax form. As a consequence of their pass-through status, holding MLPs in tax-exempt accounts may generate Unrelated Business Income Tax (UBIT). To encourage tax-exempt investors, some MLPs set up C corporation holding companies of limited partner which can issue common equity.
https://wn.com/What_Is_Master_Limited_Partnership_What_Does_Master_Limited_Partnership_Mean
PEI-Shield - A Complete Fiduciary Protection Program.

PEI-Shield - A Complete Fiduciary Protection Program.

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  • Duration: 1:42
  • Updated: 09 Dec 2014
  • views: 44
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Constant changes to regulations leave plan fiduciaries with a growing list of challenges. These burdens increase the risk of fiduciary breaches and subsequent litigation. PEI has a way with its PEI-Shield to protect you from these burdens. PEI-Shield is a complete fiduciary protection program. It is powered by a professional team of conflict-free experts that work with you to develop a customized solution that meets your plan's specific fiduciary requirements. In this way committees achieve one of the highest levels of fiduciary security, exactly what you need in today's litigious environment.
https://wn.com/Pei_Shield_A_Complete_Fiduciary_Protection_Program.
Fiduciary Duty

Fiduciary Duty

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  • Duration: 1:57
  • Updated: 01 Oct 2009
  • views: 142
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Business Associations tutorial: Rights and Obligations of Partners | quimbee.com

Business Associations tutorial: Rights and Obligations of Partners | quimbee.com

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  • Duration: 1:05
  • Updated: 28 Jul 2014
  • views: 217
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A brief excerpt from Quimbee's tutorial video on the fiduciary duties owed by the partners to the partnership and the other partners; the partners’ right to manage the business; rights to share in profits and receive payment from the partnership; and disputes between partners. Watch more at https://www.quimbee.com/courses/18/tutorials/86. This video is just one of five videos in our "Partnerships" tutorial, in which you'll learn about the formation of partnerships, the rights and duties of partners, the liabilities to third parties, and what happens when a partnership ends. "Partnerships" table of contents: 1. Partnership Formation 2. Rights and Obligations of Partners 3. Liabilities to Third Parties 4. Dissolution and Winding Up of Partnerships 5. Limited Partnerships The "Partnerships" tutorial also contains quizzes and a test to gauge your understanding of the concepts discussed in the videos. You can even earn the "Partnerships" merit badge.
https://wn.com/Business_Associations_Tutorial_Rights_And_Obligations_Of_Partners_|_Quimbee.Com