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re: LLC question
Posted on 3/8/17 at 12:18 pm to 7LSU7
Posted on 3/8/17 at 12:18 pm to 7LSU7
This should be covered in the LLC's operating agreement where is talks about what to do when a member departs the LLC. Sometimes these are left pretty vague to give the LLC the power to do whatever is in the best interest of the company. In this case, I would think it should explicitly be stated in the death of a member or withdrawal of a member sections of your operating agreement that the remaining interest is transferred to other members of the LLC (you may have it worded this way if other people join as members, that way you don't have to re-do the operating agreement).
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