Remove Business Enterprise Remove Equity Remove Start-ups
article thumbnail

Judicially Expelled Member Pays Heavy Price For Abandoning LLC

Farrel Fritz

For those in RULLCA states, whose LLC statutes authorize judicial dissociation a/k/a expulsion of an LLC member, the additional lesson is not to underestimate the importance of the equities, both as to the circumstances justifying expulsion and the potential consequences that flow from expulsion. Initial Discussions.