Under Alabama law a corporate entity can be subjected to a claim of alter ego. A claim of alter ego attacks the validity of the corporate entity and seeks to reach the individuals behind the corporate veil. What this means is that a corporate entity, whether it be an LLC, a corporation, or a limited READ MORE
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THE NEW ALABAMA LIMITED LIABILITY COMPANY LAW
The Alabama law governing limited liability companies changed effective January 1, 2015. It is important to understand the changes the new act known as the Alabama Limited Liability Company Law of 2014 makes to the prior LLC law. SUMMARY OF SIGNIFICANT CHANGES The new Act recognizes the contractual nature of the limited liability company. Many READ MORE
REAL WORLD REMEDIES FOR BREACH OF PURCHASE AND SALE AGREEMENT
The remedies for the breach of a purchase and sale agreement need to be adequately spelled out in the agreement. Frequently the forfeiture of the earnest money which is deposited is the sole remedy available for the Buyer’s breach. However, if this is not spelled out adequately, the Seller may also be able to sue READ MORE
Mobile, Alabama Business Litigation Update
As Mobile, Alabama Business Lawyers we always pay close attention to significant decisions by the Alabama State and Federal Courts that have an impact on Business Law or Business Litigation in Alabama. In a case should be of interest to those involved with Business Law, the Alabama Court of Civil Appeals in Evans v. Anderson, READ MORE