About That LLC Buyout…
“Most LLC operating agreements contain a ‘buyout’ provision allowing the LLC or its remaining members to buy the membership interest of a departing member. Buyout provisions can be structured however the LLC members see fit. Freedom of contract is one of the most attractive traits of an LLC,” write Kevin Brodehl in The LLC Jungle.
“But operating agreement buyout provisions are sometimes unclear, leading to uncertainty, disputes, and litigation.”
Brodehl provides some examples of LLC buyout-related problems.
