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How to deal with LLC Member Disagreements

How to deal with LLC Member Disagreements

How can you deal with disagreements between LLC members?  Short Answer: you prepare for this scenario in the operating agreement and provide sensible solutions for any disagreement. The long answer: Pick the rights business partners Just like in marriage, it usually does not work out for the long run if you act hastily and pick … Read More

what happens when LLC member dies

What happens when an LLC Member dies?

What happens when an LLC member of a multi-member LLC dies….?  This must happen frequently now because the New York LLC is an entity created by law 27 years ago, so nature must take its course.  You may think that your heirs are automatically entitled to the wealth that you build up over a lifetime … Read More

choice of law and forum selection

How to choose New York Law and New York Courts in your Business Contracts

You may have signed a contract for your small business that you really shouldn’t have.  Or you are being asked to perform under an agreement and think that such demand is not what you agreed to or just grossly unfair.   So you ask yourself, “can I get out of that contract?” What does your Contract … Read More

Can I get out of that contract

Can I get out of that Contract?

You may have signed a contract for your small business that you really shouldn’t have.  Or you are being asked to perform under an agreement and think that such demand is not what you agreed to or just grossly unfair.   So you ask yourself, “can I get out of that contract?” What does your Contract … Read More

choice of law and forum selection

Can I withdraw from an LLC?

Can I withdraw from a New York LLC? Clients are often confused when they see this provision in their operating agreement: A Member may not withdraw from the LLC prior to the dissolution and winding up of the LLC. Or this provision: A Member may withdraw from the Company in accordance with the New York … Read More