Dissociation Issues

MORE ABOUT THE CARLISLE CASE

In case you’re intrigued with the issue of petitions for “equitable dissolutions” of LLCs by “mere assignees” (admittedly a pretty rarified topic), Kurt Heyman, the partner of Vern Proctor (the co-author of my Wolters Kluwer book) has the following brief discussion (in quotes) about the Carlisle case, which addresses the issue.  Kurt handled the case […]

CHOOSING AND USING EXPERTS IN APPRAISING THE VALUE OF THE MEMBERSHIPS OF DISSOCIATED LLC MEMBERS

The operating agreements of multi-member LLCs often provide that upon the occurrence of a specified “event of dissociation” of a member—e.g., death, resignation or disability—the dissociated member will have the right to require the other members or the LLC to buy out the dissociated member’s LLC membership.  The forms in my Wolters Kluwer LLC book […]