Season 6 · Episode 5
Mastering LLCs – Episode 5: Fiduciary Duties in LLCs
Organized: The Business Law Breakdown · Seth C. Oranburg
July 29, 202527m 59s
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Show Notes
In this episode, Professor Seth C. Oranburg explores fiduciary duties of care and loyalty under ULLCA §409, how far they can be modified or waived, and limits like "manifestly unreasonable" clauses. Drawing on cases like R&R Capital v. Buck & Doe Run Valley Farms, he contrasts LLCs with corporations and partnerships for internal accountability.